A stock market debut by oil and gas firm Seplat in Lagos and London is likely unleash a round of initial public offerings (IPOs) in Nigeria after they stalled in the wake of a 2008 financial crisis, the head of the country’s bourse said. Oscar Onyema told the Reuters Africa […]
Capital Market
Nigerian Breweries Pays Investors N210 billion Dividend in 13 Years
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – Leading Nigerian brewing company, Nigerian Breweries Plc (NB Plc) would have paid out the sum of N210 billion as dividend in the last 13 years to investors if the N34.032 billion recommended by the company’s board of directors (BODs) for its 2013 audited […]
Nigeria’s Sterling Bank Raising Funds Amid Drive to Boost Loans
Sterling Bank Plc, which acquired a bailed-out Nigerian lender in 2011, plans to raise $120 million by the end of June as it targets a 25 percent increase in lending this year. The bank will conclude the private placement this quarter, Chief Executive Officer Yemi Adeola told investors today in […]
