Capital Market

First Registrar Returns N8 Billion Unclaimed Dividends, Plans Business Expansion-CEO

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Newly rebranded and foremost registrar in Nigeria, First Registrars & Investor Services Ltd has returned in excess of about N8.0 billion in unclaimed, Bayo Olugbemi, managing director (MD)  of the company disclosed on Tuesday at the unveiling of its new corporate identity. Olugbemi says […]

Nigeria’s GT Bank considers issuing new Eurobond

August 25, 2015/Reuters Nigeria’s Guarant Trust Bank (GT Bank) will redeem its existing Eurobond at maturity and consider issuing a fresh one, its chief executive said on Tuesday. “We probably will redeem everything, but we might raise fresh bond … subject to pricing, prevailing environment,” Segun Agbaje told an investor […]

NSE Bleeds Further, Index Plunge 1.39% on Sell-offs

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) bleed further on Tuesday as all-share index (ASI) plunged 1.39 percent on sell-offs to close at 28,807 points, while market capitalisation dipped by 1.13 percent to N9.90 trillion. With this trend, current market Year-to-Date (Y-t-D) and Month-to-Date (M-t-D) returns at […]