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Tiger Brands to Divest 65.7% Stake of Nigerian Unit to Dangote Industries

December 14, 2015/NSE Announcement regarding Agreement between Tiger Brands Limited and Dangote Industries Limited in Respect of Tiger Brands’ Shareholding in Tiger Branded Consumer Goods Plc. of Nigeria (“TBCG”) INTRODUCTION Shareholders are referred to the Tiger Brands’ announcement dated 16 November 2015 advising that Tiger Brands had decided not to […]

Nigeria’s Inflation Rises 9.4% Year-on-Year in Nov’15

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s inflation rate inched higher in November by 9.4 percent (year-on-year), marginally higher from 9.3 percent recorded in October 2015, according to the National Bureau of Statistics (NBS) latest report. The NBS said this development came after a brief respite in October, the Consumer Price […]

UPDCREIT Declares 43 Kobo Interim Dividend in H1’15

By InvestAdvocate Lagos (INVESTADVOCATE) – Uacn Property Development Company Plc Real Estate investment Trust (REIT) has declared a 43 kobo per unit interim dividend to Unit holders in the first-half (H1) period ended June 30, 2015. The company says closure date has been scheduled for December 14, 2015, while payment […]