By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing major, Oando Plc plans to raise N80 billion via a rights issue as contained in the company’s 38th annual general meeting (AGM) notice. Similarly, Oando seeks to increase its issued share capital by up to N40 billion through the issuance of shares out of […]
Capital Market
ASEA Reports $1.3 Trillion Market Cap Y-t-D
By InvestAdvocate Lagos (INVESTADVOCATE)-The African Securities Exchanges Association (ASEA) has reported a $1.3 trillion market capitalisation Year-to-Date (Y-t-D), Oscar Onyema, president of ASEA disclosed on Monday in his opening address at the Association’s 19th annual conference in Johannesburg, South Africa. Onyema affirmed that in 2015 year to date; African exchanges […]
SEC okays NASD rules for market makers
The NASD OTC Plc says the Securities and Exchange Commission has approved its rules rules for market makers in its over-the-counter market. Market makers are also known as liquidity providers and they contribute towards better price discovery and a market reaching equilibrium, according to the company. In a notice announcing […]
