Big Business

NBS Adopts Stanbic IBTC’s PMI Data
Big Business

NBS Adopts Stanbic IBTC’s PMI Data

The National Bureau of Statistics, NBS said it has has officially adopted the Stanbic IBTC Purchasing Manager’s Index PMI as the Nigerian government’s private sector-based index. Making this revelation at the official launch of the Stanbic IBTC PMI on Monday, December 7, 2015 in Lagos was the Statistician General of […]

Old Mutual Acquires Oceanic Life
Big Business

Old Mutual Acquires Oceanic Life

Old Mutual, one of the new foreign investor into the Nigerian insurance sector has announced that it has completed the acquisition of Oceanic Life Insurance Ltd by acquiring the majority shareholding of the company. National Insurance Commission, NAICOM said it has issued a certificate of registration to Old Mutual to operate […]

Actis Acquires Majority Stake in Mouka Limited
Big Business

Actis Acquires Majority Stake in Mouka Limited

Actis, a private equity investor in emerging markets, has announced the acquisition of a majority stake in Mouka Limited (Mouka), manufacturers of foam products brand “Mouka Foam”. The Moukarim family, who founded Mouka in 1972, have been developing businesses in West Africa for over 100 years. They continue to be […]