By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Stocks plunge on Thursday persisted on the Nigerian Stock Exchange (NSE) as all-share index (ASI) hits below 31,000 basis points. At the close of trading on the Nigerian bourse, the NSE ASI dipped 1.14 percent to close at 30,752.63 basis points. With today’s loss, current market […]
Capital Market
Nigeria sells 80 bln naira worth of 2020, 2034 debt at mixed yields
Thu Aug 13, 2015/Reuters Aug 13 Nigeria’s sold a total of 80.20 billion naira ($403 million) in bonds maturing in Feb. 2020 and Aug. 2034 at an auction on Wednesday with mixed yields, Debt management Office (DMO) said on Thursday. Total bids stood at 153.48 billion naira, more than the […]
Flour Mills Plans Merger of 5 Subsidiaries with HOLDCO
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Fast Moving Consumer Goods (FMCG), Flour Mills of Nigeria Plc (FMN) said on Thursday it plans to conduct a restructuring by merging five (5) of its subsidiaries with its holding company (HOLDCO) under a Scheme of External Restructuring. Paul Miyonmide Gbededo, group managing director (GMD) […]
