The Asset Management Corporation of Nigeria has read the riot act to all its debtors and other obligors to pay up or it will use its special statutory powers under the AMCON Act to recover all the debts and the accrued interests. A statement made available to our correspondent on […]

Following the formal approval given by the Securities and Exchange Commission, Consolidated Breweries Plc has acquired the majority shareholding in Champion Breweries Plc. A statement by the company on Wednesday said that the acquisition took effect on Tuesday, January 3, 2012. It noted, however, that Champion Breweries would still retain […]

European governments have agreed in principle to ban imports of Iranian oil, EU diplomats said on Wednesday, dealing a blow to Tehran that crowns new Western sanctions months before an Iranian election. The prospective embargo by the European Union, along with tough U.S. financial measures signed into law by President […]