By Okechukwu Nnodim\ Access Bank Plc is set to acquire 75 per cent stake in Intercontinental Bank Plc subject to approval by shareholders of the Deposit Money Bank. The bank, in a publication on Monday, said it would use N53.5bn it had raised in 2007 to fund the transaction, adding […]

By Ademola Alawiye with agency report The International Finance Corporation has invested N4.58bn ($29.6m) in Guaranty Trust Bank. Reuters reported on Monday that the IFC acquired 284,697,017 new shares of GTBank, which operates 183 branches in the country. IFC in July said it had received an expression of interest from […]

By Udeme Ekwere Dangote Group has announced its interest to invest N900bn in the Nigerian economy within the next one year. A statement by the company on Monday said that the fund would be used to develop and improve the agricultural sector of the economy. According to the statement, signed […]