Capital Market

Correction: Fitch Affirms 10 Nigerian Banks on Peer Review; Stable Outlook

Feb 24, 2015/Fitch Ratings Fitch released the following statement today to correct the earlier announcement published on 23 February 2015. The rating action on the National Ratings of Stanbic IBTC Holdings Plc and the Recovery Rating on FBN Finance BV’s subordinated notes in the list below should read affirmation: Fitch […]

Nigerian Equities Open Week Bullish, Index Up 1.39%

By Yakubu LAAH InvestAdvocate Lagos INVESTADVOCATE)- The Nigerian equities market on Monday opened the week on a bullish note as all-share index (ASI) climbed up 1.39 percent to close at 29,793.13 points, while market capitalisation increased by 136.54 billion to close at N9.94 trillion. With this trend, current Year-to-Date (Y-t-D) […]

Guinness Names Three New Directors

By InvestAdvocate Lagos (INVESTADVOCATE)- Brewer, Guinness Nigeria Plc on Monday announced it has appointed  Thomas Dogonyaro, Cephas Afebuameh and Ronald Charles Plumridge as directors of the company, the brewer said in an issuer’s announcement with the Nigerian Stock Exchange (NSE). The company said while Dogonyaro is a non-executive director, Afebuameh […]