UAC of Nigeria Plc has said it will focus on building its subsidiaries for the next three years. A statement from the company on Thursday, said it was set to ensure that it grew its holding company structure to boost profitability. The Chairman, UACN, Senator Udo Udoma, was quoted as […]
Author: InvestAdvocate
SEC To Develop Islamic Finance Master Plan
By InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) Thursday said it working at developing an Islamic Finance Master Plan for the Nigerian Capital Market. Arunma Oteh, the Director General of the Commission made this disclosure at the Second Quarter 2013 Capital Market Committee (CMC) Meeting and review of performance […]
Nigeria forex reserves fall to lowest in 3-months
Nigeria’s foreign exchange reserves fell 0.16 percent month-on-month to $48.33 billion by June 24, the lowest level in more than three months, data from central bank showed on Wednesday. The reserves, however, were up 30.86 percent year-on-year, compared with $36.93 billion the same time last year. Nigeria’s central bank had […]
