The Nigerian Stock Exchange has so far recorded two mergers and three supplementary listings this year. A document from the NSE on Wednesday showed that Flour Mills of Nigeria Plc recorded the first merger this year. It merged with one of its subsidiaries, Niger Mills Company Limited. Flour Mills, which […]
Author: InvestAdvocate
JPMorgan names Barry Sommers to head consumer bank
PMorgan Chase (JPM.N) said it has appointed Barry Sommers, under whom the bank expanded its services to wealthy clients, to head its Chase consumer bank business. Sommers, 44, who previously served as chief executive of the bank’s wealth management business, joined JP Morgan through the Bear Sterns merger in 2008. Sommers was […]
AMCON to pay bondholders N1.7tn in December – Sanusi
The Asset Management Corporation of Nigeria will pay N1.7tn to holders of its bonds by December 2013, the Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has said. Sanusi stated this in Lagos on Thursday at the National Risk Management Conference, adding that bad debt bank would owe nobody apart […]
