The Nigeria Sovereign Investment Authority on Wednesday said it would invest the sum of $10m (N1.6bn) from the Sovereign Wealth Fund being managed by it in the Nigerian Mortgage Refinancing Company. The Managing Director/Chief Executive, NSIA, Mr. Uche Orji, disclosed this while briefing journalists in Abuja on the progress so […]
Capital Market
Nestle Nigeria Dividend Up 30%, offers 24.00 Naira
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Beverage maker Nestle Nigeria Plc has increased its dividend payment by 30 percent in its 2013 audited year end and will pay 24.00 naira compared to 18.50 paid in 2012 end. From the company’s result released Wednesday to the Nigerian stock exchange (NSE) and made […]
Nigeria’s Sanusi Files Lawsuit Challenging Suspension From Bank
Lamido Sanusi, Nigeria’s ousted central bank governor, filed a court challenge against his suspension by Nigerian President Goodluck Jonathan. The action was filed at the Federal High Court in the capital, Abuja, Owolabi Odekunle, a partner at Sanusi’s legal representatives Kola Awodein and Co., said in an e-mailed reply to […]
