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 […]

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 […]

Seven Energy International Limited and its wholly-owned subsidiary, Accugas Limited, has closed a $170m 5.5-year medium-term acquisition finance facility with FBN Bank (United Kingdom) Limited and Ecobank Nigeria Limited. A statement by the bank said FBN Capital Limited acted as the structuring bank, sole initial mandated lead arranger, financial modelling […]