Nigeria’s naira depreciated for a second day, heading for the biggest drop in a week, after the central bank reduced the amount of dollars sold at an auction today. The currency of Africa’s biggest oil producer weakened 0.3 percent, the most since Feb. 27 on a closing basis, to 158.05 […]
Author: InvestAdvocate
GLOBAL MARKETS-European stocks hit highest since 2008 crash
* Stimulus hopes help European shares hit 4-1/2 year high * MSCI world share index just under June 2008 high * Wall Street expected to open up, Dow to hit new all-time high * Euro dips as traders mull ECB rate cut chances European stock markets rose to their highest […]
Unclaimed dividends now N60 billion-SEC
By Peter OBIORA Investadvocate Lagos (INVESTADVOCATE)-The newly inaugurated Board of the Nigeria’s Securities and Exchange Commission (SEC) Wednesday said unclaimed dividends in the Nigerian Capital Market (NCM) has hit N60 billion mark. Suleiman Ndanusa, the Chairman of SEC disclosed this in Lagos Nigeria at the Maiden Meeting with Publishers […]