The shares of Stanbic IBTC Holdings Plc rose for the first time in eight days on Wednesday, a day after the Central Bank of Nigeria defended the group against the allegations levelled against it by the Financial Reporting Council of Nigeria. Shares of the group rose by 4.97 per cent […]
Capital Market
Transcorp Says Power Unit Owed N25 Billion
By InvestAdvocate Lagos (INVESTADVOCATE)- Transnational Corporation of Nigeria Plc (Transcorp) on Wednesday said its power subsidiary Transcorp Ughelli Power Plc (Transcorp Power) is owed about N25 billion. “Since privatisation there has been delayed and sometimes partial payment for the electricity generated. This has led to the industry owing Transcorp Power […]
Nigerian Equities Dip 0.07% as Negative Sentiments in Consumer Goods Persist
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Wednesday dipped 0.07 percent as all-share index (ASI) closed at 29,032.44 basis points, while market capitalisation decreased by N7.02 billion to close at N9.98 trillion. Cordros daily market update said the development is coming on the heels of continuous negative sentiments especially […]
