Nigeria’s government gave the buyers of a 75 percent stake in Nigerian Telecommunications Ltd., or Nitel, two more days to pay the first installment of $750 million. New Generation Telecom Ltd., which includes China Unicom (Hong Kong) Ltd., was given 10 calendar days from Oct. 25 to pay the money, […]

-As PCMN list N3.092 billion By Peter OBIORA investadvocate Nov 02 2010 23.32 GMT Lagos (INVESTADVOCATE) – Investors’ confidence is fully back into the Nation’s Stock Market. Emmanuel Ikazoboh, Interim Administrator of the Nigerian Stock Exchange (NSE) confirmed Tuesday November 02 2010 in Lagos Nigeria.   This was contained in his remark […]

-Raises N7.5 billion via Special Placement  By Peter OBIORA investadvocate Nov 02 2010 20.32 GMT Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Tuesday November 02 2010 affirmed that Wema Bank Plc (Wema) is awaiting the Asset Management Corporation of Nigeria (AMCON) for the Bank’s full recapitalisation.   This was contained […]