Investors Bite

SEC, DMO to Collaborate on Issuance of Nigeria’s First Sovereign Sukuk

January 19, 2016/SEC The aspiration for issuing Nigeria’s first sovereign sukuk received a huge boost yesterday as the Securities and Exchange Commission (SEC) and the Debt Management Office (DMO) committed to strengthen collaboration towards realizing that goal. This was the major outcome of the visit to the DMO by the […]

Shareholders of Forte Oil to Get Bonuses in March 2016

By InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) has issued oil marketing firm, Forte Oil Plc until March 2016 to issue bonuses its shareholders the one (1) bonus share for every five (5) held which the company promised at the end of 2014 audited year end. Forte Oil in […]

GE to sell appliances business to China’s Haier for $5.4 billion

January 15, 2016/Reuters Haier Group said it would buy General Electric Co’s appliance business for $5.4 billion, the Chinese company’s latest attempt to boost its presence in the lucrative United States market. Haier, which made an abortive attempt in 2008 to buy the business, has a negligible presence in the […]