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 […]
Capital Market
Nigeria’s Central Bank Said to Discuss Easing Naira Rules
May 8, 2015/Bloomberg Nigeria’s central bank started talks with banks and currency dealers on how to loosen foreign-exchange trading restrictions while still maintaining stability in the naira, people familiar with the discussions said. The Financial Markets Dealers Association, a Lagos-based industry body, met this week to put a proposal together […]
NSE Close Week Red, Index Dip 0.92% on Poor Q1 Results
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Friday ended the week on red as all-share index (ASI) and market capitalisation dipped by 0.92 percent to close at 34,388.21 and N11.678 trillion. In the same vein, five (5) indices finished lower during the week with the exception […]
