Capital Market

Access Bank Extends N52.6 Billion Rights Issue to March 18

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s top tier lender, Access Bank Plc said on Wednesday the Securities and Exchange Commission (SEC) has approved the extension of its N52.6 billion rights issue for  two (2) weeks to March 18, the bank said in a statement. Access Bank on January 26 opened […]

Diamond Bank Plans 10% Loan Growth in 2015

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Diamond Bank Plc on Wednesday said is planning a minimal loan growth of not more than 10 percent, a Reuters report quoted Abdulrahman Yinusa, the chief financial officer (CFO) of the Bank. The report quoted Yinusa in Reuters Africa Investment Summit […]

Nigerian Stocks Records Marginal Gain, Amidst Dwindling Performance in Sectoral Indices

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Wednesday recorded a marginal gain of 0.05 percent amidst dwindling performance in sectoral indices. The Nigerian Stock Exchange all-share index (NSE ASI) closed at 30,614.93 points, while market capitalisation increased by N4.60 billion to N10.22 trillion. The continual gain recorded in the […]