Appointment of a receiver-manager often heralds the last rites of a dying company. Such appointments are akin to a kiss of death as very few if any have managed a turn-around. As noted by Justice Alfred Mabeya recently, "receivership was a selfish, and destructive affair that was only self-centred concerned with the heavy remuneration of […]
Small businesses are eyeing longer-term loans at fairer rates from funds provided to banks by development finance institutions to provide capital to fund the post-Covid-19 recovery plan. Cooperative Bank #ticker:COOP last week announced a seven-year loan facility for small businesses with up to 250 workers, partnering with the European Investment Bank (EIB) that has provided […]
KCB Group #ticker:KCB has lost full control of running troubled Mumias Sugar Company after the High Court directed it to involve other creditors in the operations and planned leasing of the ailing miller. Justice Alfred Mabeya directed the KCB appointed receiver manager — Pongangipalli Venkata Ramana Rao — to involve and seek the nod of […]
A mutual fund is a scheme that pools funds or money from various investors and then uses the pooled funds to invest in different asset types on behalf of the many investors from whom the funds had been pooled. In most cases, the investor knows that he or she is invested in one mutual fund […]
The stock market of the Nigerian Exchange Limited (NGX) reversed prior day’s loss with a gain of 0.41 per cent amid investors renewed interest on 21 stocks. The market positive performance yesterday was driven by price appreciation in large and medium capitalised stocks, which are Nigerian Breweries Plc, Guinness Nigeria Plc, MTN Nigeria Plc, Cadbury […]
FBN Holdings Darasimi Adebisi Transactions in the shares of FBN Holdings (FBNH) topped the activity chart with 73.062 million shares valued at N906.755 million on the Nigerian Exchange Limited (NGX) yesterday. Followed was Guaranty Trust Holding Company with 25.039 million shares worth N715.263 million, while Universal Insurance traded 22.771 million shares valued at N4.919 million. […]
By Aduragbemi Omiyale An experienced investment banker, Mr Adeniyi Falade, will join the board of Custodian Investment Plc as a directive with effect from January 1, 2022. Mr Falade, who studied Chemistry at the university for his first degree, is expected to use his wealth of experience of over three decades in the financial services […]
NGX Insurance Darasimi Adebisi Transactions on the stock market of the Nigerian Exchange Limited (NGX) yesterday commenced on a positive note as large and medium capitalised stocks appreciated. The market positive performance was driven by price appreciation in Airtel Africa Pl, Total Nigeria Plc, Unilever Nigeria Plc, PZ Cussons Nigeria Plc, and Guinness Nigeria Plc. […]
KCB Group #ticker:KCB has lost full control of running troubled Mumias Sugar Company after the High Court directed it to involve other creditors in the operations and planned leasing of the ailing miller. Justice Alfred Mabeya directed the KCB appointed receiver manager — Pongangipalli Venkata Ramana Rao — to involve and seek the nod of […]
Nigerian Stocks Exchange (NGX) Nigerian stocks were weaker by 0.05 per cent on Wednesday after the benchmark index lost bond with the force of progress that had helped share value up since Friday. A couple of stocks dominated by financial services stocks, comprised of Lafarge WAPCO, Ecobank Transnational Incorporated, Access and Zenith, shed part of […]
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