23

Feb

FEDA acquires 5% equity stake in Geregu Power

Geregu Power Plc  has notified the Nigerian Exchange and the investing public of the purchase of 5% of its shares by the Fund for Export Development in Africa (FEDA). FEDA is the impact development arm of the Africa Export and Import Bank (Afreximbank). The purchase of the shares was concluded on the 21st of February 2023 with […]

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22

Feb

Mandatory Takeover: BOWS Nigeria Ltd to acquire 32.99% stake in Courteville Business Solutions

The investing public and the Nigeria Exchange Limited has been notified that BOWS Nigeria Limited, a Shareholder which holds 67.01% of the issued share capital of Courteville Business Solutions Plc, made proposal to buy the 32.99% held by the other shareholders of the Company through a Mandatory Takeover Bid (MTO) to the Securities and Exchange Commission (SEC).[…]

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22

Feb

Stock Market Review: February 22, 2023

The stock market on Tuesday was marginally down by 0.06%. Year to date, the market has returned 5.73% with the Al Share Index and Market Capitalisation at 54,189.31 points and N29.520 trillion respectively. In a stock market review with Mr Gilbert Ayoola, a seasoned capital market expert, the following were discussed: Excerpts: The market on Monday closed[…]

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