Author: InvestAdvocate

Jumbo pay: Sanusi at Senate, refuses to apologise

By Oluwole Josiah, Abuja Thursday, 2 Dec 2010 THE Governor of the Central Bank of Nigeria, Lamido Sanusi, on Wednesday maintained that 25 per cent of Nigeria’s annual total overhead cost was spent on lawmakers. Sanusi, who appeared before the Senate committees on Appropriation, Finance, Banking and Millennium Development Goals, also […]

N35bn bond: Flour Mills kick-starts book building process

Flour Mills of Nigeria Plc has announced the commencement of book building for its N35 billion Series 1 Senior Unsecured Bond Issue under a N70 billion debt issuance programme, following clearance received from the Securities and Exchanges Commission (SEC).   According to a statement by the company, the book building process will […]

Guinea Insurance appoints new MD, ED

Written by Ayeleso Oladele Wednesday, 01 December 2010   The board of directors, Guinea Insurance Plc has announced the appointment of a new Managing Director/Chief Executive Officer, Mr. Soji Emiola, with a mandate to reposition the company’s business for greater success.   Also appointed alongside Emiola, is the Executive Director, […]