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Flour Mills to raise N70b from capital market

  WEDNESDAY, 11 AUGUST 2010 BY TAIWO HASSAN    Flour Mills of Nigeria Plc has unfolded plans to raise to N70 billion from the Nigerian capital market for its expansion projects.The company’s chairman, Alhaji Ahmed Joda, who unveiled the fund raising plan at the extra-ordinary general meeting in Lagos yesterday, […]

Jonathan Seeks N’Assembly’s Nod for $4.4bn Loan

  From Kunle Akogun in Abuja and Ejiofor Alike in Lagos, 08.11.2010   President Goodluck Jona-than is seeking the approval of the National Assembly to take $4.427 billion external loan to finance “critical infrastructure” in the country.  And in a renewed effort to address the epileptic power supply in the […]

DN Meyer’s Acquisition May Be Probed

  August 11, 2010   Strong indications have emerged that the ownership change in DN Meyer Plc may be probed by the Securities and Exchange Commission (SEC), following petitions by some aggrieved stakeholders of the company.   Citiprops Limited recently acquired the 40 per cent equity previously owned by ACIMS […]