Capital Market

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 […]

Nigerian Equities Slide Further 0.16% on Sell-Offs

 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian equities on Thursday plunged 0.16 percent as all-share index (ASI) closed at 31,216.72 basis points, while market capitalisation shed N18.21 billion to close at N10.69 trillion. Cordros market update says the development is as a result of sell-offs across various sector of the Nigerian […]

NASCON Changes Name to NASCON Allied Industries Plc

By InvestAdvocate Lagos (INVESTADVOCATE)-Salt maker, National Salt Company of Nigeria Plc (NASCON) said on Thursday it has changed its name to NASCON Allied Industries Plc, the company said in an issuer’s announcement with the Nigerian Stock Exchange (NSE). “This is sequel to the resolution passed by the company’s shareholders at […]