By InvestAdvocate Lagos (INVESTADVOCATE)-food processing and packaging company McNichols Consolidated Plc announced on Monday it has appointed Ozurumba Elechi Afigbo as a non-executive director of the company with effect from August 17, 2015. McNichols in an issuer’s announcement with the Nigerian Stock Exchange (NSE) said Afigbo holds a B. Eng., […]
Capital Market
E-fraud: CBN urges banks to punish offenders
The Central Bank of Nigeria says the passage of the Cybercrime Prohibition and Prevention Act has given Deposit Money Banks and other financial institutions legal backing to punish perpetrators of electronic fraud especially in the financial services industry. The CBN therefore advised banks to rely on the provisions of the […]
Dangote gains N15.6bn in 24 hours, now worth N3tn
While some of the world’s richest people lost a sum of $182bn (N35.85tn) over the past week, Nigerian billionaire, Alhaji Aliko Dangote, and 10 others made money amid deepening global market rout. Dangote, who is President of Dangote Group, posted a $79.2m (N15.6bn) gain from Thursday to Friday, according to […]
