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Wema Bank Eyes Acquisition, to Raise N50 Billion via Domestic Bonds

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc is seeking to buy a mid-sized commercial Bank and will seek shareholders approval in May 2016 to enter talks for the… Read more »

UBA Shareholders Applaud Performance, Approve 40 Kobo per Share Final Dividend

April 10, 2016/UBA Shareholders of Africa’s global lender, the United Bank for Africa Plc (UBA) on April 8, 2016 applauded the Bank for its strong financial performance in 2015 despite… Read more »

Erin Energy Announces Agreement with Zenith Bank on Terms of Loan Facility

Tuesday, April 05, 2016/Cardinal Stone Research Culled——Proshare Event Yesterday, Erin Energy Corporation (NYSE MKT: ERN), an independent oil and gas exploration and production company focused on energy resources in sub-Saharan… Read more »

Nigeria’s UAC halts share sale, eyes retail for growth

Tue Apr 5, 2016/Reuters Nigerian conglomerate UAC group has suspended a planned rights issue due to a weak equity market and shareholders had rejected a proposal to issue preference shares… Read more »

Access Bank Seeks Approval to Raise N100 Billion Fresh Capital

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Access Bank Plc said on Monday its seeking approval this month from shareholders of the Bank to raise up to N100 billion ($505… Read more »

NSE, LSEG Dual Listings Conference Holds April 12

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) and London Stock Exchange Group (LSEG) on Monday announced they will both host the second dual listing conference on April 12, 2016…. Read more »

IOSCO Updates Information Repository for Central Clearing Requirements for OTC Derivatives

April 1, 2016/IOSCO The International Organisation of Securities Commissions (IOSCO) today released an update of its information repository for central clearing requirements for OTC derivatives, which provides regulators and market… Read more »

Berger Paints Says 2015 Pretax Profit up 126%, Declares 75 Kobo Dividend

By InvestAdvocate Lagos (INVESTADVOCATE)-Paint manufacturer, Berger Paints Plc said on Thursday pretax profit for the period ended December 31, 2015 climbed up to N565.21 million from N249.25 million recorded a… Read more »

Nestle Nigeria Says Iquo Ukoh Exits as Marketing Services Director

By InvestAdvocate Lagos (INVESTADVOCATE)-Food and beverage producer, Netsle Nigeria Plc said on Thursday Iquo Ukoh, marketing services director of the company has resigned, according to Reuters. The company said Ukoh’s… Read more »

Transcorp Rewards Investors with Bonus of 1 for 20 Ordinary Shares

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier conglomerate, Transnational Corporation of Nigeria Plc on Wednesday said as part of its continued effort to enhance shareholder value, the group board… Read more »