It only took a look at the financial statements of the world’s largest maker of spirits to convince Larry Seruma that Africa was the place to go. Seruma was then running a long-short hedge fund and had a position in Diageo Plc, the company behind the Johnnie Walker, Guinness and […]
Capital Market
NSE Records Third Bearish Week, All-Share Index Down by -1.00%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian stock exchange (NSE) Friday recorded another bearish week, the third in a row as all-share-index (ASI) decline -1.00 percent (1.00%). Weekly stock market report from the Nigerian bourse says ASI closed at 37,790.12 basis points, while market capitalisation closed at and N12.139 trillion […]
Flour Mills Appoints Foluso Phillips as Director
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Flour Mills Nigeria Plc, Thursday announced it has appointed Foluso Phillips as a non-executive director effective March 12, 2014. The company in a notice to the Nigerian stock exchange (NSE) said Phillips appointment is coming on the heels of the resignation of Adebayo Alade Loba […]
