By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian bourse on Friday ended the week on a bearish note as the all-share index (ASI) and market capitalisation depreciated by 3.93 percent and 3.64 percent to close at 37,550.24 and N12.437 trillion respectively. Currently, month-to-date (MTD) and year-to-date (YTD) returns at the Nigerian […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Oil marketing giant, Oando Plc has said it will build a $600 million 400-mgawatt power plant in Nigeria; a Bloomberg report quoted Bolaji Osunsanya, chief executive officer of the company in an interview it granted on Wednesday. The report said this is coming on […]

Nigerian Breweries, said on Friday it would seek shareholder approval on Dec. 4 for its plan to merge with rival Consolidated Breweries. Heineken, the majority shareholder in Nigerian Breweries, acquired a controlling stake in Consolidated Breweries in 2005 and is seeking to merge both businesses to take advantage of Nigeria’s […]