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 […]
Investors Bite
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 […]
Nigeria’s UAC halts share sale, eyes retail for growth
Tue Apr 5, 2016/Reuters Nigerian conglomerate UAC group has suspended a planned rights issue due to a weak equity market and shareholders had rejected a proposal to issue preference shares via a private placement, Chief Executive Larry Ettah said on Tuesday. Ettah said the capital raising would happen at subsidiary […]
