Author Archives: InvestAdvocate

Adesina calls for immediate action over deepening crisis of global malnutrition

October 20, 2017/AfDB African Development Bank President Akinwumi Adesina has called for urgent action from stakeholders over the deepening crisis of global malnutrition. Adesina made the call as he joined… Read more »

Nigerian Stocks Heads North on Performance in Consumer, Banking Counters

October 20, 2017/InvestmentOne Research ASI as at 12.00pm: +0.05  Market movers: INTERBREW (+4.49%), CCNN (+0.98%), ETI (-0.4%),  DANGSUGAR (-0.31%)  Sector Performances: Consumer Goods (+0.32%), Industrial (+0.19%), Banking (-0.13%),  Oil &… Read more »

Dangote Cement still interested in South Africa’s PPC: CEO

19/10/2017/Reuters Chijioke Ohuocha   Dangote Cement is still interested in acquiring South African rival PPC and would do a deal at the right price, its outgoing chief executive officer Onne… Read more »

Nigerian lenders pick Barclays to find new investors for 9mobile -sources

19/10/2017/Reuters Nigerian lenders have picked Barclays to try to find new investors for debt-laden 9mobile, two banking sources said on Thursday.  The sources also said the central bank had asked… Read more »

CBN warns financial institutions against exploiting customers

20/10/2017/Punch Sodiq Oyeleke  The Central Bank of Nigeria has asked operators of microfinance banks and other financial institutions in the country not to engage in exploitative activities. The CBN said… Read more »

PayPal tops profit estimates, lifts target on mobile payments growth

20/10/2017/Reuters Anna Irrera, Diptendu Lahiri Sharp growth in mobile payments led PayPal Holdings Inc (PYPL.O) to report a better-than-expected third-quarter profit on Thursday and lift its guidance for earnings through… Read more »

SEC Appoints Deloitte to Lead Forensic Audit of Oando as Firm’s Shares are Suspended on JSE

Culled—Thisday 20/10/2017 Market welcomes action Goddy Egene In furtherance of its resolve to carry out a forensic audit of Oando Plc, the Securities and Exchange Commission (SEC) has revealed that… Read more »

Kabiru Rabiu tops “Choiseul 100 Africa” 2017 list of future African Business Leaders

Culled—Proshare October 20, 2017/BUA Release  Kabiru Rabiu, Group Executive Director of Nigeria’s leading conglomerate, BUA Group, has been ranked second, only after Egyptian, Basil El Baz, on the ‘Choiseul 100… Read more »

Enhancing Broadband Penetration

Culled—Proshare October 20, 2017/FBNQuest Research  The latest data released by the NCC, the industry regulator, show that internet subscriptions stood at 92.2 million in August, representing a y/y contraction of… Read more »

How FG, States Will Collaborate to Industrialize Nigeria

October 19, 2017/Press Release *NEC forms Governors’ Committee of 6 to work with Industrial Policy & Competitiveness Advisory Council Both the Federal Government and State governments would be working together… Read more »