By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Tingo Mobile, Nigerian mobile phone manufacturers has said it will acquire 51 percent stake in cable network firm, Mass Telecom Innovation Nigeria Plc (MTI) according to a report by Bloomberg. The 51 percent stake in MTI is worth about N4.0 billion which Tingo Mobile is […]
Capital Market
IFC to Covert Two Managed Funds to ETI shares
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The international finance corporation (IFC) a member of the world bank group is set to convert two (2) of its managed funds to shares of pan-Africa lender, Ecobank Transnational Incorporated (ETI). ETI on Tuesday notified the Nigerian stock exchange (NSE) that the IFC ALAC Holding […]
Capital market indices appreciate by 1.19%
Equity transactions on the Nigerian Stock Exchange opened for the week on Monday in an upward trend as the market indices improved by 0.19 per cent. The News Agency of Nigeria reports that the appreciation was due to price gains by major equities. As result of the bullish trading, the […]
