Author: InvestAdvocate

Development: Nigeria to receive N450bn World Bank grant

By Emeka Ezekiel, Abuja The World Bank has said that it will provide $83bn (N450bn) grant to Nigeria to enable the country finance its economic development plans. Specifically, the money will be invested in infrastructure development, Information and Communications Technology, job creation, health care delivery and agriculture, among others. The […]

We stand by our report on Nigeria – IMF

By Ifeanyi Onuba, Abuja Apparently jolted by criticisms that have followed its recommendation that the naira is overvalued, the International Monetary Fund has said that it stands by its report on the Nigerian economy. It, however, said that contrary to widely-held insinuations, it never at any time asked the Central […]

Barcelos opts to list on Nigeria’s Exchange 2011

By Peter OBIORA investadvocate Lagos (INVESTADVOCATE)–Food Emporium International Limited operating a Portuguese branded eatery (Barcelos) has resolved to list its shares on the Floor of the Nigerian Stock Exchange year 2011.   A Source who is part of the Financial Advisers to the Company (name withheld) because he is not […]