The shareholders of Consolidated Breweries Plc have given approval to the company’s merger schemes with Benue Brewery Limited and DIL/Maltex Nigeria Plc. A statement by the company on Friday noted that the approval was given at a court-ordered meeting of Consolidated Breweries in Lagos. The company explained in the statement […]
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Examining effects of foreign dominance on Nigerian market
At present, foreign investors control over 70 per cent of transactions in the Nigerian capital market. Does this have any implication on the market? UDEME EKWERE analyses the situation from operators’ perspectives During the global meltdown of 2007 and 2008, a lot of global and local firms were negatively affected. […]
Transocean says Icahn acquired 1.56 percent stake, seeks more
Transocean Ltd (RIG) has disclosed that billionaire activist investor Carl Icahn has acquired a 1.56 percent stake in the offshore rig contractor and is looking to increase that holding. Icahn is seeking regulatory approval to acquire shares worth more than $682.1 million, according to a statement on Transocean’s Web site. […]
