Capital Market

NSE Says Par Value Rule Not Yet in Force

By InvestAdvocate Lagos (INVESTADVOCATE) –The Nigerian Stock Exchange (NSE) on Wednesday said the rule governing dealing members as regards Par Value is not yet in force. “The attention of The Nigerian Stock Exchange (The Exchange) has been drawn to a number of publications regarding the effective date of the Amendments to […]

UBA Completes N11.5 Billion Rights Issue

United Bank for Africa (UBA) Plc has announced the successful completion of its Rights Issue, following the approval of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). UBA raised N11.5 billion through a seasoned equity offering; a Rights Issue of one ordinary share for every […]

Bearish Run Persist on NSE, Index Dip Further 0.20%

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Bearish trading has persisted in the equities market as the Nigerian Stock Exchange (NSE) all-share index (ASI) dipped further to 0.20 percent from 0.29 percent recorded the previous session to close at 32,380.26  basis points, while market capitalisation declined by N21.80 billion to close at […]