The Nigerian capital market continues its recovery from the 2008 financial crisis, thanks to reforms and initiatives by the regulators. However, one major failing looms large – the market depth remains shallow, SIMON EJEMBI writes At the start of 2013, many capital market analysts were modest in their outlook for […]
Capital Market
Oando raises N30.7bn for ConocoPhillips acquisition
Oando Plc has successfully raised N30.7bn to complete the acquisition of ConocoPhillips’ Nigerian assets and meet other obligations. The energy firm, which is listed on both the Nigerian and Johannesburg Stock Exchange, had announced its plans to raise the funds through a special placement exercise last week. In a statement […]
Nigerian Bourse Closes 12:30pm Tuesday Ahead of Christmas Celebration
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) said it will close trading on its floor by 12.30 pm on Tuesday ahead of the Christmas celebration. This is contained in a notice on the official website of the NSE, ‘’please be informed that market activities for Tuesday, 24th December, 2013 […]
