Capital Market

Nigerian Equities Ends 8-Weeks of Decline, Gains 0.14% Week-on-Week

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian equities on Friday ended an eight week bearish run as all-share index (ASI) and market capitalisation gained 0.14 percent and 0.27 percent week-on-week (W/W) to close at 31,091.69 basis point and N10.657 trillion respectively. Cordros weekly market update says the appreciation led to a reduction in […]

EXCLUSIVE: President Buhari Stops Nigerian Oil Companies From Lifting Crude Oil

July 24, 2015/ The Will A directive by President Muhammadu Buhari has blocked Nigerian owned oil companies from lifting crude oil in what concerned insiders say is the first step in a larger plot to freeze out indigenous companies which grew their operations tremendously under the previous administration due to […]

Banks extend loan repayment period for states

Banks have resolved to extend the repayment period of short-term loans owed by states to a minimum of 20 years. According to a document released at the end of the National Executive Council meeting in Abuja on Thursday, the Governor of the Central Bank, Mr. Godwin Emefiele, disclosed this while […]