Capital Market

Nigerian Stocks Start Week Positive, Gain 0.74%

By Peter OBIORA Investadvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Monday started the week on a positive note as all-share index (ASI) gained 0.74 percent to close at 35,190.23 points, while market capitalisation increased by N88.67 billion to close at N11.99 trillion. With today’s gain though lower by 38 basis points (bps), […]

Asian shares, dollar have a lackluster start to the week

Sun Apr 12, 2015/Reuters Asian shares got off to a shaky start on Monday as recent rallies offered traders a profit-taking opportunity, while the dollar edged away from recent peaks in early trading. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down about 0.1 percent after touching its […]

SEC Unveils New Rules on Demutualization

April 12, 2015/SEC Pursuant to Section 313 of the Investments and Securities Act, 2007, the following proposed new regulations are made by the Commission.   1.  DEFINITION OF TERMS  In these regulations – ·         “Company limited by guarantee” is as defined under the Companies and Allied Matters Act, (CAMA) 1990; ·         […]