Author: InvestAdvocate

Share Reconstruction: IEI Shareholders Get 1 for 5

By Our Correspondent Lagos (INVESTADVOCATE)-International Energy Insurance Plc (IEI) Monday said its shareholders will get one new share of the company for every five previously held. This is contained in a notice from the company to the Nigerian Stock Exchange (NSE) that it has received all necessary regulatory approvals to […]

Access Bank Appoints New Director

By InvestAdvocate Lagos (INVESTADVOCATE)-Access Bank Plc Monday announced the appointment of a new Director to the Bank. The Bank notified the Nigerian Stock Exchange (NSE) that its Board of Directors on April 25, 2013 appointed Dr. (Mrs.) Ajoritsedere Awosika MFR mni as an Independent Non-Executive Director. According to Access Bank, […]

Stocks Market News for May 31, 2013

Benchmarks suffered losses after investors booked profits and transferred investments from stocks into bonds. Meanwhile, a bunch of domestic results were reported on Friday, providing mixed signals to investors. The official Purchase Manager’s Index (PPMIQ) of the world’s second-largest economy, China, came in above market expectations while high unemployment and […]