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All posts tagged "merger"

  • Senators frown on new agencies’ N21billion running cost

    Senators on Thursday raised concerns over the establishment of two federal agencies with a combined annual running cost of N21bn. This followed the consideration of two bills for the establishment of the Nigerian Financial Ombudsman and the...

    • Posted April 19, 2013
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  • Capcom eyeing acquisition of Zoom, Intercellular networks

    Following the smooth acquisition of Starcomms, Multi-links and MTS First Wireless, there are strong indications that Capcom Limited is also considering the acquisition of Zoom Mobile and Intercellular. While Capcom awaits SEC’s approval to enable it merge...

    • Posted January 31, 2013
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  • Flour Mills Set To Merge With Niger Mills

    The management of Flour Mills Nigeria Plc has announced its merger with subsidiary Niger Mills Limited. According to a statement released by the company last Friday, the merger is intended to create a more efficient company, reduce...

    • Posted January 28, 2013
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  • Merger: Oceanic Signs TIA with Ecobank

    OCEANIC Bank Plc has recorded a milestone in its recapitalisation process, following the signing of Transaction Implementation Agreement (TIA) with Ecobank Transnational Incorporated (ETI). When completed, the merged bank would become the third largest in the country....

    • Posted August 1, 2011
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  • CBN Approved Access Bank and Intercontinental Bank Merger

    The Central Bank of Nigeria has approved an implementation plan worked out by both parties, the lenders said in an e-mailed statement today. “Consequently, the parties will now commence the process of a scheme of arrangement” that...

    • Posted July 11, 2011
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