Barely 72 hours after winning the bid for Enterprise Bank, Heritage Bank is set to sign the purchase agreement for the transaction on Friday and pay 20 per cent of the N65bn bid price. It was also learnt on Monday that Heritage Bank had commenced a transition plan aimed at […]

IEI-Anchor Pension has received the approval of its shareholders to increase the company’s share capital from N2.222bn to N3bn. This, according to the company, is aimed at accommodating the increasing strategic partners’ interests that can help to expand the company’s operations. A statement from the company on Monday quoted its […]

The naira was unchanged at N162.95 at Monday’s market close, after the Central Bank of Nigeria asked banks for bids to sell the greenback in a move to quell dollar shortages and support the naira, dealers said. The local unit opened at N163.05 to the United States currency, and weakened […]