Press Release The U.S. Secretary of Commerce, Penny Pritzker and Chairman Heirs Holdings Mr. Tony Elumelu on Wednesday called for increased US-Nigeria Investments. Both leaders spoke at a gathering of business leaders in Lagos. Pritzker, who is leading 20 American companies on an Energy Business Development trade mission to Ghana […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian mid-tier lender, Sterling Bank Plc is awaiting the approval of the Securities and Exchange Commission (SEC) to raise N20 billion fresh capital via private placement (PP). Abubakar Suleiman, chief financial officer (CFO) of the bank disclosed this Friday to InvestAdvocate at an analyst/investor presentation […]

Tiger Brands Ltd. (TBS) said first-half profit declined 52 percent after South Africa’s largest food company wrote down its investment in Nigeria’s Dangote Flour Mills Plc (DANGFLOU) less than two years after buying the stake. Earnings dropped to 631.9 million rand ($60 million) in the six months to March 31, […]