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Jaiz Bank, FCMB Group, Julius Berger top stock pick this week

Nigeria, Oct. 6 -- Nigerian stocks have now returned nearly 40 per cent this year after yielding 1 per cent last week, when oil & gas stocks were the toast of investors. Equities have been short of b... Read More


Ellah Lakes enters pact to acquire Tolaram's agro-processing business

Nigeria, Oct. 4 -- Agro-industrial firm Ellah Lakes has agreed to a deal to buy out Agro-Allied Resources & Processing Nigeria Limited (ARPN), owned by Singapore-based Tolaram Group and Valuestar Hold... Read More


UAC's bid to take over CHI Limited gains regulatory approval

Nigeria, Oct. 4 -- UAC of Nigeria Plc has received from the Federal Competition and Consumer Protection Commission the permission to proceed with its planned acquisition of CHI Limited, the maker of C... Read More


Fidelity, NPF Microfinance Bank, CAP top stock pick this week

Nigeria, Sept. 29 -- Nigerian stocks marginally increased last week as they added 0.2 per cent, with buy interest in the industrial sector as the main driver. The main share index has returned 38.1 pe... Read More


Unity Bank's merger with Providus receives shareholders' approval

Nigeria, Sept. 27 -- Unity Bank's proposed business combination with Providus Bank has received the go-ahead of shareholders of the two financial institutions, Providus Bank said in a statement on Fri... Read More


Ecobank Group exits Mozambique, completes sale of subsidiary to Malawian lender

Nigeria, Sept. 27 -- Pan-African banking group Ecobank Transnational Incorporated has exited Mozambique after completing the sale of its stake in Ecobank Mozambique S.A to FDH Bank Plc, according to a... Read More


Otedola increases stake in First HoldCo with N2 billion new share purchase

Nigeria, Sept. 26 -- The chair of First HoldCo Plc, Femi Otedola, has increased his holding in the financial services group through recent direct and indirect share acquisitions, according to regulato... Read More


$718 million Debt: Court blocks AMCON, First Bank from confiscating General Hydrocarbon's assets

Nigeria, Sept. 25 -- The Federal High Court in Lagos has issued an order barring any actions against General Hydrocarbons or its assets over a debt incurred by Atlantic Energy Drilling Concept Nigeria... Read More


French media giant Canal+ completes acquisition of MultiChoice

Nigeria, Sept. 22 -- French media giant Canal+ has completed a buyout of South Africa's MultiChoice Group, the parent company of pay TV operators DSTV and GOTV. CEO Maxime Saada announced a new board... Read More


GTCO, Mutual Benefits, Transcorp top stock pick this week

Nigeria, Sept. 15 -- Despite an absence of key drivers, Nigerian stocks advanced by 1.1 per cent last week, indicating the extent of the resilience the market has built for itself so far this year. Th... Read More