Apex bank defends contract award Dermalog, the company which the Central Bank of Nigeria (CBN) gave the nod to install a biometric payment system for Nigerian banks is bankrupt, investigations have revealed. The German firm went into voluntary liquidation in 2012 and was technically broke at home (in Europe) at […]
Capital Market
NSE All-Share Index down by 3.21% to close Week
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) All-Share Index (ASI) Friday closed on the downward trend by 3.21 percent (3.21%) for the week ended January 31, 2014. According to the NSE weekly report for the review period, , all but one (NSE ASeM Index) of the NSE […]
Flour Mills of Nigeria to invest over $1 bln to expand capacity
Flour Mills of Nigeria plans to invest $1 billion over the next 3-5 years to fund growth and expand into West Africa, its vice chairman told Reuters on Friday. John Coumantaros said revenue for the manufacturer of products like pasta, flour, vegetable oil, livestock feed and also cement grew 11-15 […]
