Veritas Kapital Assurance appoints Paul Oki as Independent Non-Executive Director
Veritas Kapital Assurance has notified the Nigerian Exchange and the investing public of the appointment of Mr. Paul T. Oki as an Independent Non-Executive Director of its board.The appointment of Mr. Paul T. Oki has been approved by the National Insurance Commission.Mr. Oki combines over twenty-three (23) years of hands-on […]
Market extends downtrend as profit taking persist by investors
Transactions on the floor of the Nigerian Exchange on Tuesday closed on bearish note for the third straight sessions as the All Share Index dipped by 0.31% to close at 47,057.24 points from the previous close of 47,203.39 points.Investors lose N79 billion as the Market Capitalisation closed at N25.357 trillion,[…]
Ellah Lakes partners with Montserrado Investment Ltd to build a 600TCD Sugar Refinery
Ellah Lakes Plc has announced a collaboration agreement with Montserrado Investment Ltd to build a 600 Tons of Cane per Day Sugar processing plant.This is in support of the National Sugar Master Plan (NSMP) championed by the National Sugar Development Council (NSDC), which is geared towards “Accelerating the development and[…]
Flour Mills of Nigeria achieves growth in Q3 financials
Flour Mills of Nigeria Plc, Nigeria’s leading integrated food and agro-allied business, and owners of the iconic brand, ‘Golden Penny, has published its unaudited nine months financial results, showing impressive growth. Continuous product innovation, improved capacity utilization, and effective route to market strategies aided the Group’s outstanding financial performance across[…]