Author: InvestAdvocate

African Paints records N51 million turnover

  FRIDAY, 16 JULY 2010  BY HELEN OJI   has achieved a turnover of N51 million its 2009 operators, as against N42 million recorded in 2008 while the company’s gross profit grew from N7.5 million to N9.5 million during the year under review.   Addressing shareholders during the 33rd yearly […]

Nigeria Sells N315bn Bonds to Boost Spending

  By Emele Onu, with agency report, 07.16.2010                     Nigeria will sell the biggest amount of bonds -N315 billion worth ($2.1 billion) in at least four quarters in the three months through October as it seeks to finance projects amid unstable crude oil revenue, Afrinvest (West Africa) Ltd. said.   […]

NNPC: Senate Wades into Insolvency Controversy

  From Kunle Akogun in Abuja, 07.16.2010    The Senate yesterday waded into the controversy surrounding the solvency or otherwise of the Nigerian National Petroleum Corporation (NNPC), asking its Committees on Petroleum (Upstream and Downstream) to find out the true position and report back in a week’s time.   This […]