…completes selection of Designated Advisers Press Release The Nigerian Stock Exchange has announced that it will be launching an Alternative Securities Market (ASeM) in April 2013 for Emerging Companies with high potential for growth in Nigeria. ASeM will be a specialised board on the Nigerian bourse where small to mid-sized […]
Author: InvestAdvocate
Alleged Fraud: Ex-Lawmaker Sues Obi, Others Over N5bn Brewery
The Anambra State governor, Mr. Peter Obi, has been dragged to court over a N5billion investment he made in a brewery sited in Onitsha. Mr. Chudi Offodile, a former member of the House of Representatives, who dragged the governor to court, is alleging that the brewery, Sabmiller Breweries, was set […]
Nigerian banks may record high bad loans
Indications have emerged that Deposit Money Banks may record huge non-performing loans next year. Rating agency, Standard & Poor’s, said on Tuesday that the banks might report increased loan losses amid growth in lending. Bloomberg quoted an analyst at S&P, Mr. Matthew Pimie, as saying, “Banks in Nigeria are expected […]
