Business News

Oando Plc Completes Sale of East Horizon for $250 million

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top oil marketing firm, Oando Plc Thursday announced it has completed the sale of one of its wholly owned subsidiaries East Horizon Gas Company (EHGC) to Seven Energy International Limited for $250 million. Oando in a statement made available to InvestAdvocate said it completed […]

Bob Diamond’s Atlas Mara Buys Bank in First Africa Purchase

Robert Diamond’s Atlas Mara Co-Nvest Ltd. (ATMA) agreed to buy ABC Holdings Ltd. and ADC African Development Corp. for as much as $265 million in the first acquisition by the investment firm of the former Barclays Plc (BARC) head. BancABC offers financial services in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe, […]

Unity Bank Appoints Lamis Shehu New Chairman

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Unity Bank Plc Tuesday announced the appointment of Lamis Shehu as the new chairman of its board. The bank said alongside Shehu is the appointment of Thomas Akor as vice chairman of the board of the bank. This is coming on the heels of the […]