Author: InvestAdvocate

$250,000 fraud: Court frees businessman

By Kemi Obasola   Thursday, 7 Oct 2010 A Lagos High Court in Ikeja has discharged and acquitted a businessman, Mr. Adekunle Fagade, who was alleged to have conspired with four others to obtain money by false pretences. In his judgment, Justice Joseph Oyewole held that the Economic and Financial […]

SEC orders NSE to recover N1.35bn bonuses

  By Gbenga Agbana   Thursday, 7 Oct 2010 Securities and Exchange Commission on Wednesday directed the Interim Administrator of the Nigerian Stock Exchange, Mr. Emmanuel Ikazoboh, to take steps to recover the money shared by council members between 2006 and 2008. A statement issued by SEC’s Head, Media, Mr. […]

Dangote Flour to begin exportation, pays N4b dividend

Thursday, 07 October 2010    Dangote Flour Mills, on Wednesday in Kano, announced plans that arrangements were at advanced stage to begin direct and indirect exports of its products into neighboring countries like Chad, Cameroon, Niger and Sudan.Addressing shareholders at the annual general meeting, chairman of the company, Alhaji Aliko […]