Author: InvestAdvocate

Shareholders approve Dangote/BCC merger

  The proposed merger between Dangote Cement and Benue Cement Company Plc, was given a boost yesterday as shareholders gave their blessing at a court-ordered meeting held in Kano. Chairman BCC Alhaji Aliko Dangote speaking at the meeting assured shareholders of immense benefits from the merger which include: reduced operational […]

GT Bank Plans Acquisition of W’African Bank

  By Obinna Chima with Agency Report, 09.28.2010    Guaranty Trust Bank Plc (GT Bank) has revealed its plans to acquire a Francophone West African banks to increase it footprint in the region.The proposed acquisition came hours after United Bank for Africa Plc (UBA) said it plans to issue bonds […]

Jonathan Constitutes Board For AMCON, Chike-Obi, Belgore To Manage Firm

    September 28, 2010 by EMMA UCHE President Goodluck Jonathan has set up a 10-man board for the Asset Management Corporation (AMCON), the state run ‘bad loan bank’, with Mr. Aliyu Kola Belgore and Mustapha Chike-Obi as Chairman and Managing Director respectively.     The corporation which was created […]