By InvestAdvocate Lagos (INVESTADVOCATE) – Stanbic IBTC Bank said on Tuesday it aims at raising N20.4 billion via rights issue this year and seeking shareholders approval to distribute a scrip dividend to boost its capital base, a Reuters report quoted the bank. Also, the report quoted Sola David-Borha, chief executive […]
Capital Market
Bear Run Persists on Nigerian Equities Market, Index Dip Further 0.81%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Bear run persisted on the Nigerian equities market on Tuesday as all share index (ASI) dipped further 0.81 percent to close at 31,372.90 points, while market capitalisation declined by N87.19 billion to close at N10.71 trillion. Cordros update said the trend is as a result […]
Equities Wane 0.32% as Sell-Offs Extends to 9 Straight Session
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Monday commenced the week on a bearish note on sell-offs for nine (9) consecutive session as all-share index (ASI) depreciates 0.32 percent to close at 31,628.20 basis points, while market capitalisation dipped by N34.51 billion to close at N10.80 […]
