By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-American Tower Corporation said on Monday it will acquire 4,800 wireless towers worth $1.05 billion from India’s top telecommunications firm Bharti Airtel Ltd in Nigeria, both companies said in a joint statement. Bharti Airtel, is expected be the anchor tenant on the towers for the […]

Nov 24, 2014/Reuters RenaissanceRe Holdings Ltd (RNR.N) will buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd (PTP.N) for about $1.9 billion to boost its business amid intensifying competition and falling premiums. RenaissanceRe will offer an equivalent of $76 per share in stock and cash, representing a 24 percent premium to […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday warned on the sale of foreign exchange without adequate documentation. In a circular with reference number TED/FEM/FPC/GEN/01/025 and dated November 21, 2014 by Olakanmi Gbadamosi, director, trade & exchange department to authorised dealers and the general public, […]