April 14, 2015/Bloomberg FBN Holdings Plc, owner of First Bank Nigeria, said it expects to benefit from a surge in sales of bonds by state governments to replace dwindling oil revenue and after peaceful elections bolstered investor confidence. “We expect a lot of the state governments to go to the […]
Capital Market
NSE Moves Lower on Profit Taking, Index Dip 0.42%
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian bourse moved lower on Tuesday on profit taking as its gaining streak halted with all-share index (ASI) down 0.42 percent to close at 35,043.44 basis points, while market capitaliation declined by N50.40 billion to close at N11.94 trillion. Shares of heavyweight losers such […]
The Abraaj Group Closes Third Sub-Saharan Africa Fund at US$ 990 million
April 13, 2015 Press Release/ The Abraaj Group • Dedicated African private equity fund to focus on growth investments in Sub-Saharan businesses supporting the rapidly growing urban consumer class • Seasoned team of locally based investment professionals will identify well-managed partner companies with strong regional growth potential The Abraaj Group […]
