By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Flour Mills Plc operating in the Food/Beverages & Tobacco sector of the Nigerian Stock Exchange (NSE) has proposed to go into electric power generation by floating a new firm Flour Mills Power. Emmanuel Ukpabi, Group Managing Director (GMD) of the Company made this affirmation recently […]

By Ademola Alawiye The Nigeria Deposit Insurance Corporation has asked depositors of closed microfinance banks yet to collect their insured deposits to visit selected agent banks for their money. A statement by the NDIC said it had completed arrangements to transfer the payment of the insured depositors to seven agents […]

By Udeme Ekwere The losses being recorded in the Nigerian capital market have reached a new height as the market capitalisation of the listed equities plunged by a staggering N1.39tn in the last three months. Specifically, between June 1, 2011 and last Monday, which was the last trading day in […]