Shareholders of Jaiz Bank Plc has given approval to the proposal of the board to raise fresh N8bn for a national banking licence. Jaiz is the first bank to fully commence Islamic Banking operation, following the adoption of the non-interest banking model by the Central Bank of Nigeria. The non-interest […]
Author: InvestAdvocate
Index rises by 0.3% as 24 stocks gain
The increase in equity trading activities recorded from Tuesday this week, continued on Friday, with major indices closing positive. At the close of trading, the Nigerian Stock Exchange’s All-Share Index rose by 0.3 per cent or 61.61 basis points from 22,049.30 to 22,110.91 points. Similarly, the market capitalisation of the […]
Nigeria naira up 0.75 pct as funds ready for Tbills
The Nigerian naira closed up 0.75 percent against the dollar on the interbank market on Friday, after a surge of dollar inflows from foreign investors positioning to buy treasury bills, dealers said. The unit closed at 160.90 naira at 1300 GMT, after opening at 160.69 naira on Friday, substantially up […]
