January 23, 2017/Reuters By Chijioke Ohuocha Jan 23 Guinness Nigeria said on Monday it was seeking shareholder approval for a share issue to raise 40 billion naira ($127 million) which it needs to strengthen its balance sheet following recent losses. The company, which is 54 percent owned by Diageo, reported […]
Capital Market
Stocks Commence Week Bullish, Buoyed by Oil & Gas Counters
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market commenced the week on a bullish note, with the all-share index (ASI) advancing by 0.03 percent to close at 26,231.37 points. “Today’s positive performance trimmed the Year-to-Date loss to 2.39 percent,” Cordros daily market update affirmed. According to the report, at the close […]
Nigerian Stocks Dip 0.17% on Sustained Bear Run
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – Overall equities market performance measures, the Nigerian Stock Exchange all-share index (NSE ASI) and market capitalisation, fell by 0.17 percent to 26,201.60 points on sustained bearish activity. “Today’s negative performance increased the Year-to-Date loss to 2.50 percent,” according to Cordros daily market update. […]
