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Dangote Flour shareholders to suffer 60% loss in 2010 dividend payment

ByYakubu LAAH InvestAdvocate   Lagos (INVESTADVOCATE) – Shareholders of Dangote Flour Mills Plc, operating in the Food/ Beverage and Tobacco Sector of the Nigerian Stock Exchange (NSE) will suffer a 60 percent (60%) loss in the year 2010 dividend payment.   To record the loss in dividend payment in the […]

UACN reports N9.2bn proceed from sale of stake to Tiger Brands

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-UAC of Nigeria Plc (UACN) has reported a N9.2 billion proceed from the sale of a 49 percent (49%) stake in UAC Foods Limited to Tiger Brands a South African Firm. This was disclosed in the Research Note from Afrinvest West African Limited, Investment Research […]

SEC investigating S&P’s downgrade of U.S. debt: report

By Sakthi Prasad in Bangalore (Reuters) – The U.S. Securities and Exchange Commission (SEC) has asked rating agency Standard & Poor’s (S&P) to disclose which employees knew of its decision to downgrade U.S. debt before it was announced last week, the Financial Times said, citing people familiar with the matter. […]