By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) Monday suspended the trading in shares of Bag Manufacturing Company Plc (BAGCO) following the proposed Scheme of Merger between the Company and Flourmills of Nigeria Plc. This is coming on the heels of a Notice by Stanbic IBTC, Stockbrokers to […]
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Alibaba eyes up to $8 billion jumbo loan
Chinese e-commerce giant Alibaba Group is back in the loan market with an eye on a jumbo financing of up to $8 billion to refinance existing debts, barely a year after borrowing $4 billion in loans, according to sources. The borrower is said to have approached lenders seeking proposals for […]
SSS Journalists Watch List: Jonathan Must Walk The Walk
Reports that the Presidency has sanctioned the compilation of a “black list†of mostly foreign-based online journalists by the State Security Service (SSS), is most unusual and curious for many reasons. Firstly, it smacks of desperation by government to silence critics and reinforces the President’s strong anti-democratic credentials. Besides, it […]
