21

Oct

Nigerian Market Advances further by 0.15%

The Nigerian stocks market on Friday closed higher as the All Share Index advanced further by 0.15% to settle at 44,396.73 points from the previous close of 44,332.21 points. The Market Capitalisation was up by 0.14% to close at N24.182 trillion from the previous close of N24.147 trillion, thereby gaining N35 billion. An aggregate of 95 million […]

Strategic Capital Investment Limited acquires Polaris Bank

The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the equity in Polaris Bank by Strategic Capital Investment Limited (SCIL). Polaris has been operating as a bridge bank since 2018 when the Central Bank of Nigeria[…]