By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Bulls resurfaced on Monday at the Nigerian equities market as all-share index (ASI) inched up 0.24 percent to close at 49,769 points, while market capitalisation appreciated N31.72 billion to close at N13.46 trillion. The 0.24 percent gain compared with the 0.21 depreciation recorded the previous […]
Capital Market
SABMiller shares jump on WSJ report of AB InBev interest
Shares in SABMiller jumped 13 percent to an all time high on Monday after a report in the Wall Street Journal said that larger rival Anheuser-Busch InBev was talking to banks about financing a possible $122 billion takeover bid. The newspaper, citing a person familiar with the matter, said AB […]
Ecobank: Qatar National Bank Acquires More 11% Stake for $283 Million
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Qatar National Bank SAQ (QNB) on Monday said it has acquired another 11 percent stake in pan African lender, Ecobank Transnational Incorporated (ETI) for $283 million, according to QNB in a statement. The Qataris lender acquired 2,047,877,260 ordinary shares in ETI and the deal […]
