By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Tingo Mobile, Nigerian mobile phone manufacturers has said it will acquire 51 percent stake in cable network firm, Mass Telecom Innovation Nigeria Plc (MTI) according to a report by Bloomberg. The 51 percent stake in MTI is worth about N4.0 billion which Tingo Mobile is […]
Author: InvestAdvocate
AMCON to Reduce Debt to N3.8 Trillion by August
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – The Asset Management Corporation of Nigeria (AMCON) Tuesday said it will reduce its debt to N3.8 trillion by August 2014. According to Bloomberg, Kayode Lambo, spokesman for the Nigeria’s asset management corporation said its set to repay N800 billion worth of bonds due […]
IFC to Covert Two Managed Funds to ETI shares
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The international finance corporation (IFC) a member of the world bank group is set to convert two (2) of its managed funds to shares of pan-Africa lender, Ecobank Transnational Incorporated (ETI). ETI on Tuesday notified the Nigerian stock exchange (NSE) that the IFC ALAC Holding […]