(The following statement was released by the rating agency) The findings of the Nigerian Securities and Exchange Commission investigation into Ecobank Transnational Incorporated (ETI) this month highlight the supervision and corporate governance risks of large pan-African groups, Fitch Ratings says. Insufficient cross-border supervision and lower regulatory standards in some frontier […]
Author: InvestAdvocate
Flour Mills of Nigeria to invest over $1 bln to expand capacity
Flour Mills of Nigeria plans to invest $1 billion over the next 3-5 years to fund growth and expand into West Africa, its vice chairman told Reuters on Friday. John Coumantaros said revenue for the manufacturer of products like pasta, flour, vegetable oil, livestock feed and also cement grew 11-15 […]
Cappa & D’Alberto: NSE Yet to Protect Investors on Breach of Voluntary Delisting
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The Nigerian Stock Exchange (NSE) is yet to protecting investors on the breach of voluntary delisting of Cappa & D’Alberto Nigeria Plc since year 2009. Cappa & D’Alberto Nigeria operating in the construction sector of the Nigeria’s Exchange in March 2009 released itself from […]
