Culled—–Proshare August 12, 2016/FDC The continuing slide of the naira coupled with import restrictions is leading to higher prices of more inelastic commodities such as rice. Nigerians have responded by cutting down on luxuries and switching to cheaper alternatives. The global energy market remains oversupplied as OPEC’s production is still […]
Capital Market
Sukuk Bond Issuance Shifted Till 2017
10/8/2016/The Will The Securities and Exchange Commission has declared that the sovereign Sukuk bond initially scheduled for third quarter of 2016 would now be issued in the first quarter of 2017. Mr Mounir Gwarzo, SEC Director-General, made this known on Wednesday at the commission’s Capital Market Committee second quarter media […]
Bears Return to NSE, Benchmark Index Fall 0.51%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The bears on Thursday returned to the Nigerian Stock Exchange (NSE) as the all-share index (ASI) dipped by 0.51 percent to close at 27,280.95 points. “Today’s negative close increased the Month-to-Date and Year-to- Date losses to 2.60 percent and 4.75 percent respectively,” according to the […]
