Tue Aug 11, 2015/Reuters China devalued the yuan on Tuesday after a run of poor economic data, guiding the currency to its lowest point in almost three years in a move it billed as free-market reform. The central bank described it as a “one-off depreciation” of nearly 2 percent, based […]
Capital Market
Nigeria mortgage agency seeks approval to raise capital
August 10, 2015/Reuters Nigeria Mortgage Refinance Company (NMRC) will seek approval from members by month-end to raise additional equity capital of 28.5 billion naira ($143 million) through a shelf registration programme, the state-backed mortgage agency said on Monday. NMRC set a price range of 4.50 to 7 naira per share […]
NSE Starts Week with Marginal 0.01% Gain on Shares of Dangote Cement
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Monday started the week on a bullish note with a marginal gain of 0.01 percent on demand of the shares of Dangote Cement Plc, according to Cordros daily market update. The report says the NSE all-share index (ASI) closed […]
