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Exchange still searching for head after deadline

By Daniel Osunkoya October 18, 2010   Since the sack of Ndi Okereke-Onyuike as the Director General of the Nigerian Stock Exchange (NSE) by the Securities and Exchange Commission (SEC), the search of the new head seems been fruitless, even after set deadlines.   After the initial October 12th deadline […]

UBA Adopts Holding Company Model, to list UBA Properties

Lagos, October 18, 2010 Following recent regulatory changes in Nigeria, pan African banking group, United Bank for Africa Plc (UBA) has announced that it will be implementing an innovative holding company structure that will drive operational efficiency, support its ambitious growth strategies and be a significant driver of shareholder value, […]

HSBC’s talks for $8bn Nedbank deal fall through

By Agency reporter Monday, 18 Oct 2010   HSBC has ended talks to buy an $8bn majority stake in South Africa‘s Nedbank, leaving it without a clear Africa strategy and handing an opportunity to rival Standard Chartered. According to Reuters, on Saturday, HSBC had been in exclusive talks with Anglo-South African […]