IHS Holding Ltd., Africa’s largest independent phone tower company, agreed to buy 9,151 Nigerian towers from MTN Group Ltd. (MTN) in a deal valued at about $2 billion, according to two people familiar with the transaction. The people asked not to be named because the financial terms are confidential. The […]
Capital Market
Access Bank Liaising with Investors on Proposed 60-70 Billion Naira Rights Issue
Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian lender Access Bank Plc has been liaising with local investors of the bank over the week past to gauge their interest in a proposed rights issue of about N60- N70 billion by the fourth quarter (Q4) of 2014, Reuters quoted a fund manager knowledgeable to […]
Qatar National Bank Acquires 12.5% Stake of Ecobank Worth $200 Million
Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Pan African lender, Ecobank Transnational Incorporated (ETI) on Thursday announced that Qatar National Bank SAQ (QNB) has acquired 12.5 percent stake in the bank. ETI in a notice to the Nigerian Stock exchange (NSE) said QNB acquired 1,767,612,630 ordinary shares and 732,277,056 preference shares respectively in […]
