April 2, 2015/SEC Section 313(1) of the Investments and Securities Act 2007, empowers the Commission to, from time to time, make Rules and Regulations for the purpose of giving effect to the Act as well as to amend and revoke Rules and Regulations so made. The following are the New […]
Capital Market
AIICO Restructuring: Issued Paid up Shares Now 6.930 Billion
By InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, AIICO Insurance Plc said on Thursday a total of 1,870,000,000 ordinary shares belonging to its life insurance arm were cancelled as a result of the internal corporate restructuring/consolidation going on in the firm. AIICO said its consolidating its life insurance business with AIICO General Insurance Company […]
Minority Shareholders of Consolidated Breweries Allotted 366 Million Ordinary Shares at N1.20 per Share
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Minority shareholders of Consolidated Breweries Plc were allotted a total of 366,396,456 ordinary shares of 50 kobo each at N1.20 per share on merger with Nigerian Breweries Plc. According to the Nigerian Stock Exchange (NSE) weekly stock market report, the allotted shares were added to […]
