By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Flour Mills of Nigeria Plc has proposed to raise fresh funds of N28 billion through Rights Issue. Emmanuel Ukpabi, Group Managing Director (GMD) of the Company disclosed this at the “Facts behind the Figures” Tuesday on the Floor of the Nigerian Stock Exchange (NSE) in […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Union Bank of Nigeria Plc (UBN) is awaiting Regulatory approval to commence its proposed Rights Issue as one of the ways the Bank has mapped out to raise funds in order to meet up with the September 30 2011 deadline issued by the Central Bank […]

By Layi Adeloye The World Bank has predicted that the Nigerian economy will grow at a double-digit rate in 2011 and beyond with the country’s new focus on investment. The bank’s Country Director for Nigeria, Mr. Onno Ruhl, said this during a courtesy visit to the Minister of Trade and […]