By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc is seeking to buy a mid-sized commercial Bank and will seek shareholders approval in May 2016 to enter talks for the deal, a Reuters report quoted Tunde Mabawonku, its chief financial officer (CFO) on Monday. “Wema Bank is keeping a close […]
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UBA Shareholders Applaud Performance, Approve 40 Kobo per Share Final Dividend
April 10, 2016/UBA Shareholders of Africa’s global lender, the United Bank for Africa Plc (UBA) on April 8, 2016 applauded the Bank for its strong financial performance in 2015 despite the difficult operating environment globally. They also approved the board’s recommendation to pay a final dividend of 40 kobo per […]
Erin Energy Announces Agreement with Zenith Bank on Terms of Loan Facility
Tuesday, April 05, 2016/Cardinal Stone Research Culled——Proshare Event Yesterday, Erin Energy Corporation (NYSE MKT: ERN), an independent oil and gas exploration and production company focused on energy resources in sub-Saharan Africa listed on the New York and Johannesburg Stock Exchanges, announced it had obtained a waiver to the funding requirements […]
