A proposed forward “sale agreement” loan of $1.56bn by the Nigerian National Petroleum Corporation split members of the House of Representatives on Tuesday. Some members had kicked against the loan and protested loudly in the chambers, urging the House not to approve it. But, a majority decision supported the loan […]
Author: InvestAdvocate
Rich Nations Advancing Global Growth, as Risk Remains-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Tuesday predicted that global activity would strengthen in 2014-2015 with much of the impetus for growth coming from advanced economies, but warned of risks from emerging market economies. In its latest world economic outlook (WEO) April 2014, the IMF said […]
Nigerian Breweries Pays Investors N210 billion Dividend in 13 Years
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – Leading Nigerian brewing company, Nigerian Breweries Plc (NB Plc) would have paid out the sum of N210 billion as dividend in the last 13 years to investors if the N34.032 billion recommended by the company’s board of directors (BODs) for its 2013 audited […]
