By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, Mansard Insurance Plc on Monday announced it will acquire a 60 percent stake in Pension Fund Administrator (PFA), Penman Pensions Limited, the company said in an issuer’s announcement to the Nigerian Stock Exchange (NSE). Mansard disclosed the 60 percent stake is from the issued […]
Capital Market
Skye Bank Gets SEC’s Nod, Set to Commence Completion of Mainstreet Acquisition
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Mid-tier lender, Skye Bank Plc on Monday said it has received a “No Objection” letter from the Securities and Exchange Commission (SEC) to acquire Mainstreet Bank from the Asset Management Corporation of Nigerian (AMCON). This is contained in a notice to the Nigerian Stock Exchange […]
NSE Opens Week Bearish, Y-t-D Loss Decline 26.22%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Monday opened the week on a bearish note as Year-to-Date (YtD) loss declined to 26.22 percent; while current Month-to-Date (MtD) stands at 11.73 percent. At the end of the session sell-offs in the Consumer Goods, Banking and Industrial sectors […]
