Capital Market

Saipem close to Nigeria jv deal after China success – source

Thu Mar 26, 2015/Reuters Italy’s Saipem is close to signing a joint venture with a big local partner in Nigeria just days after clinching a similar deal in China with PetroChina as the oil contractor seeks access to new markets. Saipem, 43 percent owned by Italian oil major Eni, has […]

Flour Mills Names Alfonso Garate Non –Executive Director

By InvestAdvocate Lagos (INVESTADVOCATE)-Fast Consumer Moving Goods Company (FCMG), Flour Mills of Nigeria Plc said on Thursday it has appointed Alfonso Garate as non-executive director of the company with effect from March 11, 2015. “Alfonso Garate, who currently serves as a non-executive director on the board of United Cement Company […]

Nigerian Stocks Sustain 4-Day Bullish Streak, Despite Poor Returns on Blue-Chips

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Thursday sustained its four-day bullish streak despite poor results from blue-chip companies like cement producer Dangote Cement Plc, oil company Total Nigeria Plc and Africa’s top tier lender United Bank for Africa Plc. At the end of today’s session, all-share index (ASI) […]