By Yakubu LAAH InvestAdvocateLagos (INVESTADVOCATE)-Brewers Champion Breweries Plc has said it is set to raise N11.65 billion via a rights issue. The company in a notice to the Nigerian stock exchange (NSE) said it will issue 6,300,000,000 ordinary shares of 50 kobo each at N1.85 per share; The beer maker […]
Author: InvestAdvocate
MPC to hold benchmark rate at 12%
The Central Bank of Nigeria’s Monetary Policy Committee will leave interest rates unchanged for the 17th time in a row on Tuesday as it tries to balance controlling inflation and supporting the naira with fostering growth, Reuters reported quoting its poll. The MPC meeting will be the first chaired by […]
CBN may revoke licences of 2400 BDCs –Investigation
Up to 2,400 Bureaus de Change are unlikely to meet the new capitalisation requirements of the Central bank of Nigeria and will subsequently lose their operating licence at the expiration of the July 31, 2014 deadline set by the central bank, investigation by our correspondent has revealed. The CBN had, […]