By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc said on Thursday is seeking to raise $100 million tier II capital in the second quarter (Q2) of this year, a Reuters report said. The reported quoted Tunde Mabawonku, chief financial officer (CFO) of the bank as saying that […]
Capital Market
Yield on Nigeria’s 5-year bond sheds 25 bps after presidential vote
April 2, 2015/Reuters The yield on Nigeria’s 5-year bond fell further on Thursday, shedding 25 basis points as offshore funds placed buy orders with banks following a presidential poll in Africa’s biggest economy won by opposition leader Muhammadu Buhari, dealers said. The 2019 debt, one of the maturities listed on […]
Foreign Investors Back as Nigerian Stocks Recover, Recording 18.80% Week-on-Week Massive Gain
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Thursday experienced unparalleled recovery to end the week with massive gains across all trading sessions and sectoral indices – scoring a substantial week-on-week (w/w) gain of 18.80 percent. The NSE reports that all-share index (ASI) and market capitalisation appreciated […]
