By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) all-share index (ASI) on Friday plunged 2.86 percent to 41, 379.49 basis points to close the week as bearish intra-week trading erased the 1.85 percent gain witnessed last week from four (4) out of five (5) poor trading sessions. Similarly, […]
Author: InvestAdvocate
CBN raises N100bn in bonds at higher yields
The Central Bank of Nigeria sold N100bn worth of bonds with maturities ranging between three and 20 years at auction on Wednesday, fetching higher yields than previously, the Debt Management Office said on Thursday. The debt office said N15bn of three-year debt notes was sold, fetching 11.12 per cent, higher […]
EFCC nabs stock broker for N30m scam
The Economic and Financial Crimes Commission has arrested a stock broker for a N30m scam. The Head, EFCC Media and Publicity, Mr. Wilson Uwujaren, said the broker, Bioye Eluwole, 54, allegedly sold 300,000 units of shares belonging to one of his clients without authorisation. Uwujaren said, “The shares, spread over […]