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BGL inaugurates two mutual funds

By Udeme Ekwere Wednesday, 20 Oct 2010 BGL Asset Management Limited has secured the approval of the Securities and Exchange Commission to inaugurate two open-ended mutual funds. The two funds- BGL Nubian Fund and BGL Sapphire Fund have been created by the company to help investors diversify their portfolio. The company […]

NSE may delist four emerging market companies

By Gbenga Agbana Wednesday, 20 Oct 2010 Four companies in the emerging markets segment of the Nigerian Stock Exchange may be delisted from the official list soon, if the directive given by the NSE’s management recently is anything to go by. Investigations by our correspondent revealed that only West African Aluminium […]

Buffett Goes Reinsurance Bottom-Fishing

October 19, 2010 by HESTER PLUMRIDGE When Warren Buffett writes a check, the world peers over his shoulder. The veteran investor’s decision to raise his stake in Munich Re, the world’s largest reinsurer, from 3% to more than 10%, is a case in point. The reinsurance industry may be challenged […]