Press Release As part of his commitment to assist Africa in ensuring accessible power on the continent, former United Bank for Africa (UBA) Plc Managing Director, Mr. Tony Elumelu, is to invest $2.5 billion to boost power supply in Africa. The investment is being made through his Heirs Holdings, the […]
Author: InvestAdvocate
Oil near $102 on Egypt protests, US demand outlook
The price of oil neared $102 a barrel Wednesday for the first time since May last year as Egypt’s political crisis intensified, raising the risk of fuel supply disruptions. Benchmark crude for August delivery was up $2.07 to $101.65 a barrel at midday Bangkok time in electronic trading on the […]
SEC Bullish on IPOs, Approves N57bn New Issues in 6 Months
Strong indications have emerged that the Nigerian capital market would soon witness a wave of initial public offerings (IPOs), following relative improvement in the prices of stocks in the Nigerian capital market. IPOs are enabling either listed companies or unlisted companies to issue fresh shares the investing public to raise […]
