Capital Market

NSE Retreats 0.29% amid Declines in Oil/Gas, Consumer Goods Stocks

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Bearish trading persisted Tuesday on the Nigerian Stock Exchange (NSE) as all-share index (ASI) dipped 0.29 percent amid declines in the Oil/Gas and Consumer Goods sectors, according to Cordros market update. The NSE ASI closed at 33,492.17 points, while the market capitalisation shed N33.56 billion […]

Unilever Overseas Says no Delisting of Nigerian Unit from NSE

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-World soap and detergent makers Unilever Overseas Holdings B.V. on Monday said it will not delist its Nigerian unit, Unilever Nigeria Plc from the Nigerian Stock Exchange (NSE) as it extends its Tender Offer to individual shareholders to June 25 from June 10, 2015. “Unilever […]

Shareholders approve Skye Bank’s acquisition of Mainstreet Bank

Shareholders of Skye Bank Plc on Monday approved the acquisition of Mainstreet Bank Limited by the lender. The shareholders gave the approval at a court-ordered Extra-ordinary General Meeting of the bank, which was held in Lagos immediately after the lender’s 9th annual general meeting in Lagos. A statement from the […]