Flour Mills of Nigeria Plc has announced plans to merge with one of its subsidiaries, Niger Mills Company Limited. A statement on Friday, stated that it held 99.97 per cent equity in Niger Mills, and the proposed merger would facilitate the consolidation of the companies’ operations and processes into a […]
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‘High yields’ll drive bond market in 2013’
The management of the Nigerian Stock Exchange has said there will be increased activities in the FGN Bond market this year. The Chief Executive Officer, NSE, Mr. Oscar Onyema, who said this during a briefing, last week, noted that activities in the fixed income bond market would be driven by […]
Exclusive: Bank probes find manipulation in Singapore’s offshore FX market – source
Internal reviews by banks in Singapore have found evidence that traders colluded to manipulate rates in the offshore foreign exchange market, according to a source with knowledge of the inquiries. The discovery widens a global lending rate scandal into new markets, as fallout from the Libor case puts banks under […]
