Business News

Swala Oil & Gas Could Raise 4.8 billion Tanzanian Shillings in IPO

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-East Africa’s first public owned oil and gas company, Swala Oil and Gas (Tanzania) Plc has given a price tag of 500 Tanzania shillings (TZS) per share which could value the company at 4.8 billion TZS in an initial public offering (IPO) which opened today […]

Nigeria to Channel More Pension Funds to Corporate Bonds

Nigeria plans to amend investment rules to channel more of the country’s $26 billion of pension funds into corporate bonds, Nigeria Pension Commission Director-General Chinelo Anohu-Amazu said. Pension administrators, including Stanbic IBTC Pension Managers Ltd. (STANBIC) and ARM Pension Managers Ltd. (ARMAGGW), are currently investing only 2 percent of funds […]

GTB introduces e-platform to promote SMEs

June 04, 2014 By Oyetunji Abioye/Punch The Guaranty Trust Bank Plc says it is committed to promoting Small and Medium Scale Enterprises in the country. As a result, the bank has introduced an e-commerce business portal aimed at stimulating the expansion and competitiveness of the SMEs in the country. The […]