Author: InvestAdvocate

Flour Mills Rights Issue Gets Final Approval

The plan by Flour Mills of Nigeria Plc to raise N28.245 billion via a rights issue received the backing of investors Thursday as shareholders of the company expressed their support and willingness to actively participate in the offer. Parties to the proposed rights issue gave their final approval in Lagos […]

Press Release on Presidential Retreat with the Private Sector

PURPOSE & OBJECTIVES:   A Two-Day Presidential Retreat with the Private Sector was held on the 13th and 14th of October, 2011, at the Banquet Hall of the Presidential Villa, Abuja. The theme of the Retreat was ‘Economic Development and Job Creation’. The Retreat’s purpose was to ensure that the […]

Nigeria AMCON to buy rescued banks’ NPLs in Oct

Nigeria’s state asset management company AMCON will complete the acquisition of all non-performing loans from banks rescued in a $4 billion 2009 bailout by the end of October, its chief executive said on Thursday. “At that point (Oct. 31) AMCON will have acquired 2.78 trillion naira face value of non-performing […]