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Seven-Up, Chellarams, Academy Press declare dividends

By InvestAdvocate Lagos (INVESTADVOCATE)-Seven-Up Bottling Company Plc, Chellarams Plc and Academy Press Plc has declared dividends for the Audited Results Ended March 2012. According to the Result Announcements on the Floor of the Nigerian Stock Exchange (NSE) Friday, Seven-Up declared a N2.00 dividend, Chellarams Plc declared 10 Kobo and Academy […]

Nestle in talks for €7bn acquisition loan

Nestle, the world’s biggest food group, has been talking to banks about raising a new €7bn ($8.7bn) syndicated loan to help fund its $11.85bn takeover of Pfizer Nutrition, banking sources said on Thursday. Reuters reported that Nestle said in late April the acquisition would be fully debt-financed through internal cash […]

Investigations: PWC writes Quoted Companies, other Stakeholders on Oteh’s Project 50

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)– PricewaterhouseCoopers (PWC) appointed by the Board of Nigeria’s Securities & Exchange Commission (SEC) to audit Project 50 by embattled Arunma Oteh, Director General (DG) has written Quoted Companies and other Capital Market Operators to ascertain the source of funds by a Private Consulting Firm […]