April 18, 2011 The Nigerian Breweries Plc (NB) is planning to acquire Sona Brewery in Ota, Ogun state and Life brewery at Onitsha, Anambra state. Already, the NB has begun discussion with Heineken NV (the owner of the companies) on the possibility of acquiring the two breweries, which it recently […]
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Banking reforms: Stakeholders seek transparent mergers and acquisitions
By Ademola Alawiye There are indications that the banking sector may witness mergers and acquisitions of over eight banks at the end of the banking sector reforms. However, analysts say openness is key to the success of the transactions, writes Ademola Alawiye. The special audit by the Central Bank of […]
Interbank rates fall on budgetary inflow
By Ademola Alawiye Interbank lending rates fell by 1.59 per cent to 9.66 per cent on average last week, from 11.25 per cent the previous week as the inflow of N229bn ($1.48bn) in budgetary allocations lifted liquidity in the market. The Secured Open Buy Back stood at 9.50 per cent, […]
