Author: InvestAdvocate

IMF Update on Global Prospects and Policy Challenges

Executive Summary This report provides an interim update of global developments and risks since the July Surveillance Note. Global growth remains subdued but its underlying dynamics are changing. At the global level, major economies are seeing increasingly different growth dynamics and their relative cyclical positions are changing. Recent indicators point […]

Vitafoam gets shareholders’ approval to raise N4bn

The management of Vitafoam Plc has received approval to raise N4bn from the capital market. The approval was given by its shareholders at the company’s Extra Ordinary General Meeting in Lagos. A statement by the company on Wednesday said the shareholders at the meeting authorised the management to raise the […]

AMCON denies taking over Wema Bank

The Asset management Corporation of Nigeria on Wednesday denied claims that the corporation had taken over the ownership of Wema Bank. According to the Head, Corporate Communications, AMCON, Mr. Kayode Lambo, the agency does not interfere with the running of the bank. “AMCON does not have any impact on Wema […]