The Rivers, Osun, Gombe and Lagos state governments have filed applications with the Listings Regulation Department of the Nigerian Stock Exchange to raise N507bn in bonds from the capital market. Investigations by our correspondent revealed that since 2010, most state governments had been approaching the capital market to raise bonds […]
Author: InvestAdvocate
Nigeria naira firms to 2-week high vs dollar
The Nigerian naira firmed to its strongest in two weeks against the U.S dollar on the interbank market on Wednesday, supported by dollar sales by a unit of Chevron, traders said. The currency closed at 157.20 to the dollar on the interbank, firmer than the 157.35 to the dollar it […]
SEC Plans Independent Director for Broking Firms
The Securities and Exchange Commission (SEC) is planning to introduce independent directors to the boards of stockbroking firms as part of efforts to strengthen corporate governance among broking firms and restore investor confidence in the market. Currently, listed companies are required to have independent directors on their board, who are […]
