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 […]
Author: InvestAdvocate
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 […]
NSE Directive on Capital Market Information: Afrinvest Halt Mailing of Daily Market Report
By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-Dealing Member and Investment Research Firm, Afrinvest West Africa Limited Thursday said it will temporarily suspend the mailing of our Closing share prices, Nigeria Daily Stock Market Report and other market reports pending the resolution of the newly introduced licensing directive by the Nigerian Stock […]