Business and Brands
Breaking: FMDQ acquires 2 billion shares of CSCS
FMDQ has acquired about 2 billion shares of CSCS,CN can confirm.
CityNews Nigeria reports that trades were consummated at a share price of N18 per share and traded on the NASD.
The deal has been two years in making since it was first announced two years ago. Nairametrics has reported that the FMDQ Group will buyout shares owned by Leadway Insurance and from Artemis Ltd a vehicle owned by Verod Capital.
The two entities own 16.6% and 5% respectively delivering a combined 21.6% ownership of CSCS. However, the deal hit the rocks as shareholders of CSCS had disagreements over the sale.
Sources indicate the matter has now been resolved thus allowing the sale to go through.
This is a developing story…..
Tax Reform: AGF Fagbemi To Meet Senate Today
Hackers gain control of NBS website
Serie A: Lookman credits Atalanta for rise to stardom
Movie review: Seven Doors is intriguing; it rivals Anikulapo in story-telling
Nigeria’s Economy Responding Positively To My Policies —Tinubu
Government funding plan collapses as Trump makes new demands days before shutdown
Nigerians react as Ooni of Ife’s ex-wife,Naomi faces probe over death of over 30 children in Ibadan
Don’t pass Tinubu’s proposed 2025 budget, it’s anti-people – PDP to NASS
Oyo Governor confirms arrests of organizers after Ibadan carnival stampede
Why Lookman won CAF Men’s Player of the Year – Dad
BREAKING: Tragedy at Ooni’s former wife, ‘Queen Naomi’s event as stampede kills one,many injured’
Bankit Revolutionizes Financial Services with Cutting-Edge Mobile Banking App
FIFA Best Awards 2024: Vinicius Jr Named The World’s Best Men’s Player
Osun: Adeleke directs review of death sentence on teenager for stealing chicken
MTN Pays N200bn Monthly In VAT — Tax Committee
News18 hours agoBankit Revolutionizes Financial Services with Cutting-Edge Mobile Banking App
Top Stories18 hours agoBREAKING: Tragedy at Ooni’s former wife, ‘Queen Naomi’s event as stampede kills one,many injured’
Sports18 hours agoWhy Lookman won CAF Men’s Player of the Year – Dad
Sports23 hours agoFIFA Best Awards 2024: Vinicius Jr Named The World’s Best Men’s Player
Top Stories3 hours agoTax Reform: AGF Fagbemi To Meet Senate Today
Sports4 hours agoSerie A: Lookman credits Atalanta for rise to stardom
Business and Brands4 hours agoHackers gain control of NBS website
Top Stories5 hours agoOyo Governor confirms arrests of organizers after Ibadan carnival stampede