Fri Aug 14, 2015/Reuters Africa’s biggest lender by assets, Standard Bank, said on Friday that half-year profit rose by more than a quarter, boosted by demand for loans from businesses. Standard Bank, in which Industrial and Commercial Bank of China owns about 20 percent, said headline earnings per share (EPS) […]
Capital Market
Stocks Plunge Persist as NSE Index Hits below 31,000 Points
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Stocks plunge on Thursday persisted on the Nigerian Stock Exchange (NSE) as all-share index (ASI) hits below 31,000 basis points. At the close of trading on the Nigerian bourse, the NSE ASI dipped 1.14 percent to close at 30,752.63 basis points. With today’s loss, current market […]
Nigeria sells 80 bln naira worth of 2020, 2034 debt at mixed yields
Thu Aug 13, 2015/Reuters Aug 13 Nigeria’s sold a total of 80.20 billion naira ($403 million) in bonds maturing in Feb. 2020 and Aug. 2034 at an auction on Wednesday with mixed yields, Debt management Office (DMO) said on Thursday. Total bids stood at 153.48 billion naira, more than the […]
