May 11, 2015/Bloomberg Opening its $568 billion stock exchange to foreigners for the first time may be the push Saudi Arabia needs to boost its sukuk market. The Riyadh-based Capital Market Authority plans to make the process of structuring bonds that comply with Islam’s ban on interest easier, according to […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks commenced the week on negative note as all-share index (ASI) shed 0.13 percent to close at 34,342.07 points on weak investors’ sentiment. Market capitalisation dipped by N15.64 billion to close at N11.66 trillion as the continuation of the losing streak led to the […]

Sterling Bank Plc says it is planning to raise between $100m (N20bn) and $150m (N30bn) in Tier 2 capital this year to fund its expansion plans. The Chief Financial Officer, Sterling Bank, Mr. Abubakar Suleiman, who disclosed this at an interactive session with journalists in Lagos, said the move was […]