Author: InvestAdvocate

AMCON to inject fresh N800bn into five rescued banks

By Ademola Alawiye If everything goes as planned at the Extraordinary General Meetings of the five rescued Deposit Money Banks that have yet to conclude their recapitalisation deals, the Asset Management Corporation will inject fresh N800bn into them. The Managing Director, AMCON, Mr. Mustafa Chike-Obi, said in Lagos on Monday […]

Quiet mergers are going on in insurance industry —NAICOM

In this interview with NIKE POPOOLA, the Commissioner for Insurance, Mr. Fola Daniel, explains the major factors that may shape the insurance sector, especially under the current reforms in the financial sector. Why did the National Insurance Commission set up the Anti-money Laundering and Combating the Financing of Terrorism units? […]

Grand Petroleum increases lub Plant capacity to 6 million litres monthly

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Grand Petroleum Limited, a subsidiary of Nosak Group has increased its lubricant Oil blending Plant capacity to six (6) million litres per month. Toni Ogunbor, Chairman of the Firm made this disclosure at a Major Distributors business forum held recently in Lagos Nigeria. “Grand Petroleum […]