Author: InvestAdvocate

IFC, Subsidiary Invest $175m in Ecobank

  By Emele Onu, 07.04.2010    The International Finance Corporation (IFC), a member of the World Bank Group, and IFC Asset Management Company have announced a total investment of $175 million in Ecobank Transnational Incorporated and its group subsidiaries.     This investment according to a statement from IFC, will […]

Dangote Sugar records N13.186b profit, offers N12 billion dividend

  MONDAY, 05 JULY 2010   The board of Dangote Sugar Refinery Plc last week presented its audited result for the year ended December 31, 2009, reporting a 2.1 per cent increase in turnover from N80.671 billion in the corresponding period of 2008, to N82.396 billion.     In what […]

Fuel Import: Budget Shortfall Delays Allocation

    By , 07.05.2010    The move by the Federal Government to cut down the 2010 budget by 40 per cent is delaying the release of the third quarter import allocation to major marketers and importers of fuel, including the Nigerian National Petro-leum Corporation (NNPC).It was learnt that the […]