The Nigeria Deposit Insurance Corporation on Wednesday said it had developed a non-interest deposit insurance framework for that segment of the banking sector. It said the framework was designed to create a level playing field and provide deposit protection for depositors involved in non-interest banking and protect them against possible […]
Capital Market
NSE Sustains Bullish Streak, Month-to-Date Index Gain 5.16% in September
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Wednesday sustained its bullish streak as all-share index (ASI) inched up 1.27 percent to close at 31,217.77 basis points, while market capitalisation grew by N134.99 billion to close at N10.73 trillion. Cordros report say the five (5) day bullish […]
Nigerian Breweries Plans to Raise N100 Billion to Boost Growth
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top brewer, Nigerian Breweries Plc said it plans to raise N100 billion in debt to boost liquidity and support growth, according to a Bloomberg report. The report says the debt sale, expected by October 8, will enable the beer maker to diversify its funding and attract non-bank […]
