The shareholders of Dangote Sugar Refinery Plc have unanimously given their approval to the board to acquire Savannah Sugar Company. The shareholders also approved the 30 kobo proposed by the company’s Board of Directors as dividend for the financial year ended December 31, 2011. Speaking at the company’s Annual General […]

Yields on Nigeria bonds and treasury bills rose across all maturities on Thursday after a pickup in inflation in Africa’s second-biggest economy, dealers said, prompting investors to hold positions ahead of next week’s rate decision, Reuters reported. The Central Bank of Nigeria will hold its rate setting meetings next Tuesday […]

A finance consultant, Mr. Nuhu Danjuma, says Nigeria is the largest microfinance market in Africa, but that the sector has never benefited from cheap capital. Danjuma told the News Agency of Nigeria in Abuja on Thursday that high interest rate charged on loans by the microfinance banks was because they […]