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GM CEO Akerson to exit in January, Barra to take his place

General Motors Co on Tuesday said Chief Executive Dan Akerson will step down next month and be replaced by Mary Barra, the company’s global product development chief, marking the first… Read more »

SAC agrees to sell reinsurance business to investor group

  A group of investors led by insurance-industry veteran Brian Duperreault struck a deal to buy billionaire trader Steven A. Cohen’s SAC Capital Advisors LP’s reinsurance business. The deal for… Read more »

ETI Signs $50 million Loan Deal with PROPARCO

Ecobank Transnational Incorporation (ETI) says it has signed a $50 million loan agreement with PROPARCO. PROPARCO is a development finance institution jointly held by Agence Française de Développement (AFD) and… Read more »

Ecobank Capital, Orion Oil sign $500m deal

Ecobank Capital, the investment banking arm of Ecobank Group, leading pan-African bank, says it has successfully raised, on behalf of Orion Oil Limited, the sum of $500m to be utilised… Read more »

Gabon raises $1.5 billion through new Eurobond and partial buyback

Gabon raised $1.5 billion through a new 10-year Eurobond and a partial buyback of its existing 2017 issue on Thursday that will enable it to reduce borrowing costs and fund… Read more »

Hilton increases IPO size to $2.4 billion

Hilton Worldwide is increasing the size of its public offering, with plans to raise as much as $2.4 billion when it goes public, the company announced Monday. That figure is… Read more »

AMCON’s intervention in four sectors now N123.6bn

The Asset Management Corporation of Nigeria has so far spent N123.6bn in its intervention programme in four sectors of the economy. The sectors are stock market, manufacturing, agriculture and construction,… Read more »

AMCON bonds to aid real sector growth-Analysts

ByAdemola Alawiye Analysts have said that the zero coupon bonds issued by the Asset Management Corporation of Nigeria will boost the real sector of the economy. They said that the… Read more »