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 […]
Capital Market
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 […]
SEC Outlines Plans to Raise Capital Market Contribution to GDP
The Securities and Exchange Commission (SEC) has disclosed plans to raise the capital market contribution to gross domestic products (GDP) from its current level to be at par with markets in Brazil, Singapore and Malaysia. Director General of SEC, Ms. Arunma Oteh stated this at the third quarterly meeting of […]
