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 […]
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OctAfrica Prudential Plc on Thursday published its Third Quarter report for the period ended 30 September 2022. The Financial Institution reported a turnover of N2.969 billion for the 9 months period, up by 21.44% from N2.445 billion reported the previous year. Profit after tax of the company grew year on year by 11.93% to N1.29 billion from[…]
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OctThe Nigerian equity market on Thursday bounced back after sessions losses as the All Share Index marginally grew by 0.03% to settle at 44,332.38 points from the previous close of 44,318.15 points. Investors gained 8 billion as The Market Capitalisation was up by 0.03% to close at N24.147 trillion from the previous close of N24.139 trillion. An[…]
