(Adds Aliko Dangote remaining as chairman) South African consumer goods firm Tiger Brands said Nigerian authorities had cleared its 1.5 billion rand ($181.98 million) purchase of a majority stake in Nigeria’s Dangote Flour Mills. The deal is Tiger Brands’ third and its biggest yet in Nigeria, Africa’s most populous country […]
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Index dips by 0.13% as 24 stocks lose
Equity trading activities on the Nigerian Stock Exchange opened the week on a negative note on Monday, extending the losses which began last Friday. The NSE’s All-Share Index fell by 0.13 per cent or 34.71 basis points from 25,873.71 points on Friday, to 25,839.00 points. Similarly, the market capitalisation of […]
President Jonathan May Agree to Remove Oteh, Maina
President Goodluck Jonathan may give in to pressure from the National Assembly, which has pushed for the sack of the Director General, Securities and Exchange Commission (SEC), Ms. Arunma Oteh, and the Chairman of the Pension Task Team, Mr. Abdulrasheed Maina, THISDAY has learnt. It was gathered that the […]
