By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) Monday suspended the trading in shares of Bag Manufacturing Company Plc (BAGCO) following the proposed Scheme of Merger between the Company and Flourmills of Nigeria Plc. This is coming on the heels of a Notice by Stanbic IBTC, Stockbrokers to […]
Author: InvestAdvocate
Banks Find More Foreclosure Problems
Big banks discovered they wrongfully foreclosed on more than 700 military members during the housing crisis and seized homes from about two dozen other borrowers who were current on their mortgage payments, Jessica Silver-Greenberg and Ben Protess report in The New York Times. The banks  Bank of America, Citigroup, […]
Alibaba eyes up to $8 billion jumbo loan
Chinese e-commerce giant Alibaba Group is back in the loan market with an eye on a jumbo financing of up to $8 billion to refinance existing debts, barely a year after borrowing $4 billion in loans, according to sources. The borrower is said to have approached lenders seeking proposals for […]
