By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing firm, Forte Oil Plc said on Thursday it listed a total of 217,080,184 units of shares added to the outstanding shares of the company resulting from the 1 for 5 bonuses. With this supplementary listing, the new total outstanding shares of the company now stood […]
Capital Market
Wema Bank to Raise $100 Million Tier II Capital in Q2
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 […]
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 […]
