Investors Bite

Oando Says $210 Million Recapitalisation, Partial Divestment of Equity Stake in Downstream Operations Concluded

July 4, 2016/NSE Nigeria’s leading indigenous energy group, Oando Plc said on Monday it has concluded a $210 million recapitalisation of its downstream operations by HV Investments II B.V., (“HVI”), a joint venture owned by Helios Investment Partners (“Helios”), a premier Africa-focused private investment firm and the Vitol Group (“Vitol”), […]

Flour Mills Issues July 14 as New Date to File 2016 Audited Report

By InvestAdvocate Lagos (INVESTADVOCATE)-Flour Mills of Nigeria Plc on Friday affirmed it will file its 2016 financial statements for the year ended March 31, 2016, the company said in an issuer’s announcement with the Nigerian Stock Exchange (NSE). “The Management of Flour Mills of Nigeria Plc. (FMN) wishes to announce […]

GTBank Says Akindele Akintoye, Andrew Alli Retires from Board, as Share Price Declines 0.26%

  By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Guaranty Trust Bank Plc (GTBank) said on Friday Akindele Akintoye and Andrew Alli has retired from its board as independent non-executive directors effective June 30, 2016. According to the lender the duo were appointed to its board in June 2008 and served […]