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 […]
Capital Market
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 […]
Bears Maintain Hold on Nigeria’s Equities Market, Index Dip 0.14%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Bears on Wednesday maintained its hold on the Nigerian equities market for the third consecutive day as all-share index (ASI) dip 0.14 percent to close at 41,207.79 basis points (BPs) while market capitalisation dropped N18.77 billion to close at N13.606 trillion. The 0.14 percent decline […]
