By Ademola Alawiye with Agency Reports Renaissance Capital on Thursday said that the Nigerian currency had a 40 per cent probability of being devalued to N155 per dollar in 2012 due to fall in oil prices and increase in investments in roads and rails by government. Bloomberg quoted a report […]
Author: InvestAdvocate
Dangote Sugar record -64.9% loss in Q1 of 2011
By InvestAdvocate Lagos (INVESTADVOCATE)-Dangote Sugar Plc, has recorded a Loss of -64.9 percent (-64.9%) in its Unaudited First Quarter (Q1) Result ending March 2011. This was contained in the Result Announcement for the review period of the Sugar Refinery made available to the Nigerian Stock Exchange (NSE) Thursday in Lagos […]
Recapitalisation: Union Bank secures court approval
–Offers 1.41 bn Ordinary Shares Rights to shareholders By InvestAdvocate Lagos (INVESTADVOCATE)-Union Bank of Nigeria Plc (UBN) has secured Court approval in its bid to recapitalise the Bank; when a Federal High Court sat in Lagos Thursday and directed that a meeting of shareholders of the Bank be held in […]
