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N35bn bond: Flour Mills kick-starts book building process

Flour Mills of Nigeria Plc has announced the commencement of book building for its N35 billion Series 1 Senior Unsecured Bond Issue under a N70 billion debt issuance programme, following clearance received from the Securities and Exchanges Commission (SEC).   According to a statement by the company, the book building process will […]

Guinea Insurance appoints new MD, ED

Written by Ayeleso Oladele Wednesday, 01 December 2010   The board of directors, Guinea Insurance Plc has announced the appointment of a new Managing Director/Chief Executive Officer, Mr. Soji Emiola, with a mandate to reposition the company’s business for greater success.   Also appointed alongside Emiola, is the Executive Director, […]

Stocks rise sharply on signs of economic growth

By DAVID K. RANDALL, AP Business Writer  NEW YORK – Job growth in the U.S. and signs of global manufacturing expansion sent stocks sharply higher Wednesday. Bond prices and the dollar fell as investors moved money into riskier assets.   European stocks got a boost after European Central Bank President Jean-Claude Trichet suggested that […]