The Debt Management Office on Wednesday sold N21.05bn ($131.56m) worth of bonds with maturities ranging from five years to 20 years and all with higher yields at a Wednesday auction. Data from the DMO showed that all notes were re-opening of previously issued bonds, and the DMO sold only a […]
Author: InvestAdvocate
SEC Exclude Bank Stocks as Collateral for Margin Activities
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) Thursday said it has excluded bank stocks from being used as collateral for margin trading transactions on the Nigerian Bourse. This is according to a News Release from the Commission signed by Yakubu Olaleye, Head, Media of the SEC […]
UBA Reports 19% Revenue Growth in African Operations
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The United Bank for Africa Plc (UBA) Thursday said it has recorded 19 percent (19%) growth in its African operations. This is contained in a Statement by Charles Aigbe, Divisional Head, Marketing & Corporate Relations Directorate of the Bank and made available to InvestAdvocate in Lagos Nigeria. […]
