Company News
All the latest Nigerian company news, market intelligence and analysis
Deal: Qatar National Bank Acquires Additional 11% of Ecobank
Qatar National Bank SAQ (“QNB”) announces that it has today acquired (the "Acquisition") an additional holding of 11.0%(*) (2,047,877,260 ordinary...
Read moreDetailsRights Issue: Access Bank Shares Placed On Technical Suspension
The Nigerian Stock Exchange has granted anticipatory approval for the shares of Access Bank Plc (“the Bank”) to be placed...
Read moreDetailsT-A-K-E-O-V-E-R: SAB Miller (Owners of Int Breweries) Just Made A Bid To Acquire Heineken (Owners of Nigerian Breweries)
Bloomberg just reported SABMiller Plc (SAB) has approached the owners of Heineken NV (HEIA) about an offer for the smaller...
Read moreDetailsLargest Economy? South Africa’s First Rand Bank Just Reported R18.4b (N297billion) PAT. That’s Thrice Zenith Bank’s N95billion PAT for 2013.
Reuters reports South Africa's FirstRand reported an expected 21 percent rise in full-year earnings on Tuesday but South Africa's second...
Read moreDetailsDeal: Dubai Invest $300million in Dangote Cement
Investment Corp of Dubai (ICD), the state fund which holds stakes in some of the emirate's top firms, has agreed...
Read moreDetails2014 FY Results: Guinness Reports 19% Drop in PAT…Propose N3.2 Dividends
Guinness released its 2014 Full year results reporting an 11% drop in turnover to N102.9billion (2013: N122.4b). Profit after tax...
Read moreDetailsDEAL: Former Barclays Bank CEO, Bob Diamond, Increases Its Stake In Union Bank To 30%
Atlas Mara, the African investment vehicle of former Barclays boss Bob Diamond, said it had increased its stake in Union...
Read moreDetailsDEAL: MTN Enters JV With IHS To Own & Operate 9,151 Tranmitter Towers in Nigeria
South Africa's MTN Group Ltd has agreed to form a joint venture with specialist tower company IHS that will own...
Read moreDetailsDEAL: Qatar National Bank Is Buying 12.5% stake in Ecobank
Qatar National Bank, the Gulf's largest bank, said on Thursday it was acquiring a 12.5 percent stake in pan-African lender...
Read moreDetailsRights Issue? Reports Suggest Access Bank Is On a Road Show Meeting With “Investors”
Nigeria's Access Bank has been meeting with domestic investors over the past week to gauge interest in a possible rights...
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