Business News

MTN to Plan $500 Million Nigeria Share Sale in 2018

7/2/2018/Blooomberg By Loni Prinsloo and Ambereen Choudhury South African phone company could sell up to 30% of Lagos unit Nigerian listing forms part of $1 billion fine settlement MTN Group Ltd. plans to raise about $500 million from the sale of shares in its Nigerian business during the first half […]

CBN’s Nigeria PMI – January 2018 Data- Slowed Improvement in Business Conditions

February 1, 2018/Cordros Capital Yesterday, the Central Bank of Nigeria (CBN) released its Purchasing Managers’ Index (PMI) report for the month of January, showing that manufacturing and non-manufacturing activities remained healthy during the month, posting expansions of 57.3 and 58.5 respectively. Whilst acknowledging that both manufacturing and non-manufacturing PMIs expanded […]

NOVA Merchant Bank Commence Operations with New Ideas, Fresh Thinking

February 1, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-NOVA Merchant Bank Limited, a newly licensed merchant bank with focus on project financing, asset management, capital market operations, wholesale and investment banking has commenced business operations and opened its doors to the public at the formal launch of the bank on Thursday in […]