Sterling Bank Plc, which acquired a bailed-out Nigerian lender in 2011, plans to raise $120 million by the end of June as it targets a 25 percent increase in lending this year. The bank will conclude the private placement this quarter, Chief Executive Officer Yemi Adeola told investors today in […]

Seven Energy International Limited and its wholly-owned subsidiary, Accugas Limited, has closed a $170m 5.5-year medium-term acquisition finance facility with FBN Bank (United Kingdom) Limited and Ecobank Nigeria Limited. A statement by the bank said FBN Capital Limited acted as the structuring bank, sole initial mandated lead arranger, financial modelling […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-One of Nigeria’s largest conglomerates, Transnational Corporation of Nigeria Plc (Transcorp) Monday announced the resignation of Alhaji Mohammed Nasir Umar from its Board. In a notice to the Nigerian stock exchange (NSE) Transcorp said that sequel to its board of directors’ (BODs) meeting held on […]