By InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global lender, United Bank for Africa Plc (UBA) said on Friday it has listed N11.5 billion worth of shares following its just concluded successful rights issue. “A total of 3,298,138,756 ordinary shares of 50 Kobo at N3.50 per share belonging to United Bank for Africa Plc. […]
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 […]
