By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities climbed up on Friday following the acquisition of stakes into Ecobank Transnational Incorporated and Union Bank of Nigeria Plc (UBN) by foreign investors aiding the reversal of earlier losses recorded in the week. On Thursday, Qatar National Bank (QNB) bought a 12.5 […]
Capital Market
Nigeria’s Equities Market Benchmark Index Decline 0.89% to End Week
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The bear run has persisted in the Nigerian equities market as all-share index (ASI) declined 0.89 percent to close the week at 41,160.62 basis points according to the Nigerian Stock Exchange’s (NSE’s) weekly market report. Also, market capitalisation went down 0.89 percent to close at […]
Atlas Mara Ups Stake to 29.9% in Nigeria’s Union Bank for $270 Million
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Atlas Mara Co-nvest Limited (ATMA.L), the investment vehicle of Bob Diamond, former Barclays Bank group chief executive officer (GCEO) on Friday announced it has increased its stake in Union Bank of Nigeria Plc (UBN) to 29.9 percent for a deal worth $270 million according […]
