By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Wednesday rebounded driven by banking, consumer goods, oil & gas and industrial stocks which were highly sought after , gaining 0.25 percent to close at 27,880.46. “Today’s proceedings trimmed the Month-to-Date and Year-to-Date losses to 0.46 percent and 2.66 percent […]
Capital Market
Wall Street hit as defensive stocks drop ahead of Fed
August 23, 2016/Reuters By Yashaswini Swamynathan Wall Street was lower on Wednesday, led by declines in technology and defensive stocks as investors weighed up the possibility of a rate hike in the coming months. The market is squarely focused on Federal Reserve Chair Janet Yellen’s speech at Jackson Hole, Wyoming […]
SEC Proposes New Rule on Application of 12 Years, Above Unclaimed Dividends
August 23, 2016/SEC Pursuant to the provisions of Section 313(1)(n) of the Investments and Securities Act(ISA) 2007, the Commission hereby proposes this Rule: Companies and Registrars in custody of dividends which remain unclaimed by shareholders 12 years after the date of declaration or subsequently attain the 12 years threshold shall upon […]
