Robert Diamond’s Atlas Mara Co-Nvest Ltd. (ATMA) agreed to buy ABC Holdings Ltd. and ADC African Development Corp. for as much as $265 million in the first acquisition by the investment firm of the former Barclays Plc (BARC) head. BancABC offers financial services in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe, […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Unity Bank Plc Tuesday announced the appointment of Lamis Shehu as the new chairman of its board. The bank said alongside Shehu is the appointment of Thomas Akor as vice chairman of the board of the bank. This is coming on the heels of the […]

Wema Bank Plc on Monday said it had divested its majority stake in Great Nigeria Insurance Plc. A statement by the bank quoted the bank’s Head, Brand Management and Research, Mr. Tunde Lawanson, as stating this. Lawanson said that the new Chairman of the bank, Mr. Tokunbo Talabi, had assured […]