Oando Plc says it plans to raise N30.7bn through a special placement exercise. The energy company, which is listed on the Nigerian Stock Exchange and the Johannesburg Stock Exchange, said this in a statement made available to our correspondent on Tuesday. According to the statement, the company got the approval […]
Capital Market
Nigeria funds switch to bonds as risk appetite wanes
* Fears over central bank, elections dampen risk appetite * Central bank governor Sanusi to stand down next June * Funds switch to short-term bonds and t-bills * U.S. Fed tapering likely to hit emerging markets After a bumper year for Nigerian stocks, investors are selling riskier assets and moving […]
CONOIL Appoints New Director
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Conoil Plc operating in the Petroleum Marketing sector of the Nigerian Stock Exchange (NSE) Monday announced the appointment of a new Director to its Board in person of Engr. Babatunde Okuyemi. This is contained in a notice to the NSE and made available to InvestAdvocate […]
