Author: InvestAdvocate

SEC approves extension of Union Bank’s Rights Issue

PRESS RELEASE The Securities and Exchange Commission (SEC) has approved the extension of the Union Bank Rights Issue billed to have ended on January 20. The offer has now been extended till February 10, 2012. The need to seek for the extension according to a statement from Head, Corporate Affairs […]

EU bans Iranian oil imports

The European Union has approved some of the toughest sanctions yet imposed by the West against Iran, including a ban on oil imports and a freeze on Iran’s central bank assets. US and European aircraft and warships have been sent to areas near the Straits of Hormuz after Tehran threatened […]

Nigeria’s Exchange demutualisation: Committee works on Final Report

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Asuerinme Ighodalo’s Committee set up four months ago by Nigeria’s Securities & Exchange Commission (SEC) to help advice the Commission on the demutualisation of the Nigerian Stock Exchange (NSE) is working on its final draft. Oscar Onyema, Chief Executive Officer (CEO) of the Nigeria’s […]