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Rights issue: Union Bank shareholders to get refund

Indications have emerged that shareholders of Union Bank of Nigeria Plc who picked up their rights in the last Rights Issue carried out by the bank early this year will get their money back. Our correspondent gathered from sources at the Securities and Exchange Commission on Friday that the shareholders […]

Nationalised banks: AMCON to announce advisers in June

The Asset Management Corporation of Nigeria has said that it will announce 11 financial advisers that have been shortlisted to sell the three nationalised banks that were bridged by the Nigeria Deposit Insurance Corporation last year. The Managing Director, AMCON, Mr. Mustafa Chike-Obi, said at a presentation on Friday that […]

Sona Group acquisition: help grow Nigerian Breweries Profit by 25.4% in 2011

Peter OBIORA, Online Editor at InvestAdocate in his usual manner captured the Q & A Session with the Executive Management of Nigerian Breweries Plc’s Pre-AGM Media Briefing held recently at Sheraton Hotels and Towers Lagos Nigeria: excerpts. Contributions of acquired Sona Group in terms of profitability to Nigerian Breweries We […]