Capital Market

Foreign Investors up Stake on Nigerian Bourse to 90.48%

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Foreign investors has increased its participation on the Nigerian Stock Exchange (NSE) 90.48 percent to N107.47 billion from N56.42 billion recorded a year ago, according to the NSE’s latest report on the total foreign transactions. There was significant increase in Foreign Portfolio Investments (FPI) transactions […]

Bulls Resurface as NSE Gains N299.26 Billion

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 […]

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 […]