By Okechukwu Nnodim Oando Plc on Wednesday announced the payout of a total dividend of N5.4bn to shareholders of the company. The firm, which has primary and secondary listings on the Nigerian Stock Exchange and Johannesburg Stock Exchange, said the shareholders received the returns on their investment on August 31, […]
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Senate to probe N931bn fuel subsidy expenditure
By Oluwole Josiah The Senate may commence investigations into allegations of reckless extrabudgetary funding of subsidies for petroleum products for the year 2011, if a motion listed on its Notice Paper on the matter comes before it on Thursday(today). Although reports available to the Senate show that N240bn was earmarked […]
Ikeja Hotel reports 28% loss in Q1 of 2011
By InvestAdvocate Lagos (INVESTADVOCATE)-Ikeja Hotel Plc operating in the Hotel & Tourism Sector of the Nigerian Stock Exchange (NSE) has declared a 28 percent (28%) loss in its Unaudited First Quarter Result for the period ending March 2011. This was contained the Company’s Profit and Loss Information Wednesday to the […]

