By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Bulls on Monday resurfaced on the Nigerian bourse as all-share index (ASI) gained 3.02 percent to close at 29,684.84 basis points, while market capitalisation grew by N299.26 billion to N10.21 trillion. Cordros daily market update reports that today’s gain is on the shares of lender […]
Capital Market
UACN to Raise Fresh Funds via Rights Issue
By InvestAdvocate Lagos (INVESTADVOCATE)-UAC of Nigeria Plc (UACN) has notified the Nigerian Stock Exchange (NSE) that its proposing to raise capital for its business expansion and further development of the company and its subsidiaries. UACN states that it is presently considering certain proposals and options which will be subject to […]
Slow economic growth to hit bond market
Yields on Nigerian bonds are expected to climb this week on tight liquidity in the money market and a sell-off by offshore investors, partly deterred by slowing economic growth. Yields on all tenors have risen on the back of a sell-off by mostly offshore investors and commercial banks covering short […]
