By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian Breweries Plc on Friday said it’s seeking Securities & Exchange Commission’s (SEC’s) approval on its proposed scheme of merger with Consolidated Breweries Plc. The beer maker in a letter signed by Uaboi G. Agbebaku, company secretary/legal adviser with reference number CS/LA.105/14/201 dated May 09, […]
Capital Market
Fidelity Bank attributes poor performance to strict regulations
The Managing Director, Fidelity Bank Plc, Mr. Nnamdi Okonkwo, on Thursday attributed the bank’s unimpressive performance in 2013 to higher cost of deposits arising from tight monetary conditions. Okonkwo said this at the bank’s ‘facts behind the figures’ session at the Nigerian Stock Exchange in Lagos. He said that the […]
AMCON Appoints Advisers for Sale of Mainstreet Bank
The Asset Management Corporation of Nigeria (AMCON) has appointed Barclays Africa Group Limited and Afrinvest as financial advisers for the divestment of its shareholding in Mainstreet Bank Limited. The corporation also appointed Banwo and Ighodalo as legal advisers on the divestment. The corporation disclosed this in a notice titled: “Invitation […]
