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 […]
21
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[…]
19
OctLafarge SA has been fined $778 million by the US Justice Department for supporting terror groups in Syria during the Syrian civil war. In a statement, Lafarge and the parent company Holcim Group, stated thus: “Lafarge SA and its defunct subsidiary Lafarge Cement Syria have agreed to plead guilty to one count of conspiring to provide material[…]
