By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Portuguese branded eatery Food Emporium International Limited (Barcelos) will no longer list its shares on the floor of the Nigerian Stock Exchange (NSE) as promised in its 2008 private placement memorandum. Wale Agbeyangi, Managing Director (MD) Cordros Capital Limited, co-financial advisers to the company’s placement […]
Capital Market
CBN to withdraw N1tn from banks Feb 4
Following the increase of the Cash Reserve Requirement on public sector deposits from 50 per cent to 75 per cent last week by the Monetary Policy Committee, the Central Bank of Nigeria will on February 4 withdraw an estimated sum of N1tn from the Deposit Money Banks when the policy […]
South Africa was continent’s top FDI recipient in 2013
Foreign direct investment flows to Africa increased nearly 7 percent to an estimated $56 billion last year, nearly a fifth of which went to top recipient South Africa, a United Nations report said on Tuesday. Africa, along with Latin America and the Caribbean, helped drive FDI inflows to developing economies […]
