Capital Market

Ecobank Transnational to Acquire 96% Stake in Mozambique Bank, Banco ProCredit

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Pan-Africa lender, Ecobank Transnational Incorporated (ETI) Monday said its willing to acquire a 96 percent (96%) stake in Mozambique bank, Banco Procredit Mozambique (PCM). This is contained in a joint statement by ETI and ProCredit Holding Germany (PCH). Banco ProCredit Mozambique is a subsidiary […]

Nigerian markets stabilise, offshore investors on sidelines

The Nigerian naira fell 0.5 percent on Monday while yields on government debt were broadly stable, as offshore investors remained on the sidelines even as dealers said turbulence at the central bank had largely been priced in locally. The local currency has been under heavy selling pressure since President Goodluck […]

NAHCO Aviance Subsidiary (NAHCO FTZ) Gets Free Trade Zone Licence

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Nigerian Aviation Handling Company Plc (NAHCO AVIANCE) Monday announced that approval of Free Trade Zone (FTZ) licence has been granted to its subsidiary, NAHCO FTZ Limited. The company in a notice to the Nigerian stock exchange (NSE) in Lagos Nigeria and made available to […]