By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Private-equity firm, Kunoch Holdings has acquired Actis LLP and CDC Group Plc 14.8 percent stake in Diamond Bank Plc for an undisclosed amount, according to a statement on Thursday from the Nigerian lender. Kunoch acquired the 14.8 percent stake by buying Actis DB Holdings Limited […]
Capital Market
LSE unveils $1.6 billion rights issue for Frank Russell deal
The London Stock Exchange Group (LSE.L) said on Friday it would raise 938 million pounds ($1.6 billion) to part fund the acquisition of U.S. indexes group Frank Russell. LSE will offer 74,347,813 new shares at a price of 1,295 pence, a 30.1 percent discount to its Aug. 21 closing price. […]
Diaspora remittances hit $21b, says KPMG
With a yearly growth rate of three per cent over the past five years and $21 billion inflow of personal remittances last year, Nigeria is the fifth largest remittance receiver worldwide in terms of volume, a KPMG report has shown. The Banking Industry Customer Satisfaction Survey 2014 by the firm […]
