Shareholders in the Nigerian capital market have called on the Federal Government to hasten activities that would lead to the listing of power distribution companies on the NSE. Specifically, the shareholders have said that the Nigerian Stock Exchange as well as the investing community stood to gain a lot from […]
Author: InvestAdvocate
F&N shares increase after Heineken $4bn offer
Fraser and Neave Limited shares jumped to a record on speculation that a break-up of the Singapore conglomerate will unlock more value after its board accepted Heineken’s $4bn offer for its stake in Asia Pacific Breweries. Reuters reported on Monday, that F&N rose as much as 4.9 per cent to […]
Africa’s Ecobank to double Nigeria profit next yr
Pan-African lender Ecobank Transnational expects to double Nigeria’s contribution to its group profit next year from around 20 percent after integrating former rival Oceanic Bank, which it bought last year. ETI chief executive Arnold Ekpe told an analysts conference call on Monday that Oceanic Bank had turned profitable after Ecobank […]
