By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Monday projected that emerging market and developing economies are expected to see an increase in growth to 5.1 percent (5.1%) in 2014 and to 5.4% in 2015. ‘’Overall, growth in emerging market and developing economies is expected to increase to […]
Author: InvestAdvocate
S.Africa’s Tiger Brands to acquire Kenyan firm for $25 mln-paper
South African food company Tiger Brands has agreed to buy a Kenyan milling and confectionery firm for $25 million, the Business Day newspaper reported on Tuesday, citing a company executive. The Johannesburg-based maker of bread and breakfast cereal will acquire flour milling company Rafiki Mills, corporate affairs group executive Alex […]
Sterling Bank Plc Rights Issue Records 103% Subcription Rate
Press Release Lagos, January 20, 2014 – Sterling Bank Plc (NSE: STERLNBANK/ Reuters: STERLNB.LG) –the ‘Bank’ – a full service National Commercial Bank concludes its rights issue with 103.3% subscription. The rights issue of 5,888,949,162 ordinary shares of 50 kobo each offered at N2.12 per share opened on June 24, […]
