By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Cross River State has raised N8.0 billion via bond issuance thereby reducing the States outstanding loans to Banks and lowering the services cost of such loans, Taiwo Okeowo, deputy managing director (DMD) of FBN Capital said on Wednesday. “Despite the market volatility which characterised the […]
Capital Market
Nigerian Equities Maintain Free Fall, Index Plunge below 29,000 Points
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian equities on Wednesday maintained its losing streak as all-share index (ASI) plunged 2.32 percent to close at 28,137.65 points, while market capitalisation dipped by N230.04 billion to N9.67 trillion. A Cordros daily market update says the free fall in the benchmark index on the […]
SEC Slams Indefinite Suspension on Cowry Asset Management
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s apex capital market regulator, the Securities and Exchange Commission (SEC) said on Wednesday it has suspended Cowry Asset Management Ltd and its sponsored individuals from Issuing House functions. SEC says the reason for the suspension is due to the company’s failure to honour its underwriting obligation […]
