Nigerian Heritage Banking Co. is paying 56.1 billion naira ($340 million) to acquire nationalised lender Enterprise Bank Ltd. Kayode Lambo, a spokesman for Asset Management Corp. of Nigeria, which is overseeing the sale of banks taken over by the state after the financial crisis, confirmed the price today. Amcon on […]
Capital Market
Sterling Bank Private Placement Goes for 2.65 Naira
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Sterling Bank Plc said on Thursday said its offer price for its proposed 19.8 billion naira private placement will go for 2.65 naira per share, according to a report by Reuters. As earlier reported, shareholders of bank will meet on November 11, 2014 to deliberate […]
Law Union & Rock Names Olusola Olasupo Fowora Finance Controller/CFO
By InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, Law Union & Rock Insurance Plc on Thursday announced it has appointed Olusola Olasupo Fowora, as finance controller/chief finance officer (CFO) of the firm with effect from September 30, 2014. Law Union & Rock in a notice to the Nigerian Stock Exchange (NSE) said the decision […]
