By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian equities on Wednesday maintained its downward trend as all-share index (ASI) dipped 1.28 percent to close at 30,970.51 basis points (BPS), while market capitalisation declined by N137.42 billion to close at N10.58 trillion. With today’s depreciation, the ongoing bearish streak entered its 11th consecutive […]
Capital Market
Stanbic IBTC to Raise N20.4 Billion via Rights Issue this Year
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 […]
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 […]
