Capital Market

Nigerian Equities Opens Week Positive, Index up 0.22%

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian equities on Monday commenced the week on a positive note as all-share index (ASI) climbed up 0.22 percent to close at 30,231.16 basis points, while market capitalisation increased by N22.66 billion to close at N10.39 trillion. “Today’s loss further eased the Month-to-Date and Year-to-Date […]

Merger: C&I Leasing Appoints Cordros Capital Liaison Stockbroker

By InvestAdvocate Lagos (INVESTADVOCATE) –Leasing firm, C & I Leasing Plc has appointed Cordros Capital Ltd (Cordros) as their liaison stockbrokers in respect to their proposed corporate restructuring, the company said in an issuer’s announcement with the Nigerian Stock Exchange (NSE). It is intended that the restructuring be carried out […]

CBN Unveils Guidelines on Management of Dormant Accounts, Unclaimed Funds

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- The Central Bank of Nigeria (CBN) has unveiled guidelines  Guidelines on the Management of Dormant Accounts and Other Unclaimed Funds by Banks and Other Financial Institutions in Nigeria. This is contained in  a circular with reference number FPR/DIR/CIR/GEN/05/013 dated October 7, 2015 and signed […]