By Victor Ogiemwonyi  Victorogiemwonyi@gmail.com September 01 2011 In the wake of the recent Stock Market meltdown and the Banking crisis that followed it, many experts advocated for the creation of a ÃƒÂ¢Ã¢â€šÂ¬Ã…“Bad Bank” to act as a resolution vehicle that will take over assets and liabilities while managing all the arising […]

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 […]