By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) has reported a decline in Flow of Foreign Portfolio Investments (FPIs) in Equity Trading on the Nigerian Stock Market for the period 2007 to February 2013. This is contained in are recent Report by the NSE on Foreign Portfolio Participation […]
Author: InvestAdvocate
Naira Falls to One-Week Low as Bank Dollar Sales Miss Demand
The naira depreciated for a second day and headed for lowest in a week as the central bank offered fewer dollars than buyers expected at an auction yesterday and as investors’ demand for Nigerian debt waned. The currency of Africa’s biggest oil producer fell as much as 0.2 percent to […]
Nigeria’s Zenith Bank in $850 mln London listing
* Listing to aid Zenith raise equity in future – CEO * Joins three other Nigerian lenders in London * To grow from financing infrastructure, power sectors Nigeria’s Zenith Bank listed $850 million worth of its ordinary shares on the London Stock Exchange as global depository receipts (GDRs) at $6.80 […]
