Company News

Official: Skye Bank Secures $150m Tier-2 Capital

May 23, 2014

As part of efforts to expand its operations, Skye Bank Plc Thursday disclosed that it has raised about $150 million...

Oando Gained 10% Today and This Is Why (22/5/2014)

I got a tweet today pointing my attention to the apparent rise in Oando's shares. At the close of trading...

Baptism of Fire: Caverton Stock Drops 18% In Just Two Days After Listing

It's not often a stock gets listed only to be pounded by the market. Caverton Group listed on the...

Deal: Ecobank signs $200million Trade Loan With African Development Bank

Ecobank has signed a $200 million facility with African Development Bank to boost intra-regional trade in Africa, the Pan-African lender...

Worth Noting: This Mutual Fund Will Target A Minimum of 12%pa Irrespective of Exit and Entry

SFS Capital Nigeria Limited (A member of the Skye Financial Services Group) has recently launched an investment product called SFS...

Champion Breweries Gets Approval To Raise Fresh Capital

In a bid to boost its operations and achieve greater returns for its shareholders, Champion Breweries Plc is finalising plans...

Diamond Bank Seeks Approval to Float $400m Rights Issue

Diamond Bank Plc is seeking regulatory approval to raise between $300 million and $400 million via a rights issue from...

South Africa’s Tiger Brands to “mothball” Dangote Flourmills

May 21, 2014

South Africa's biggest consumer foods maker, Tiger Brands, will mothball some mills at its Nigerian unit in an attempt to...

WAMCO Owners of Peak Milk Posts 2% Drop in PAT (Updated)

May 21, 2014

FrieslandCampina WAMCO Nigeria Plc says it recorded a turnover of N120.3bn in 2013. A statement from the company on Tuesday...

Deal: Lekoil Agrees To Acquire 40% Of Otakikpo Marginal Field For $11million