Author: InvestAdvocate

IFRS will increase investments in Nigeria – Experts

By Ademola Alawiye Monday, 13 Dec 2010 International Financial Reporting Standards will lead to an increase in investments in the country, when it is fully adopted, accounting experts have said. The experts said at a seminar on IFRS on Thursday, that IFRS would attract international investors and enable easy monitoring of […]

Flour Mills closes N37.5bn Series 1 bond issue

By Ademola Alawiye Monday, 13 Dec 2010 Flour Mills of Nigeria Plc has announced the successful conclusion of its N37.5bn Series 1 fixed rate senior unsecured bond issue. At the Completion Board Meeting held by the company on Friday, a total of N49.8bn bids were received from a varied composition of […]

Skye Bank opts for international banking licence

By Stanley Opara Monday, 13 Dec 2010 Skye Bank Plc has said it will apply for a commercial banking licence that will have international scope to enable it to continue to operate both within the country and internationally through international subsidiaries. The bank in a statement on Friday said this would […]