By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Thursday closed at 199/$1 according to the Central Bank of Nigeria (CBN). The local currency appreciated by 24 basis points against the dollar to trade at N198.52/$. The CBN had on Wednesday announced the scrapping of its biweekly currency auctions and said […]
Capital Market
Market Rally Falling as Investors Seek Profits; Ditching Blue Chips
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The present market rally is evidently diminishing as investors seek profits amidst rising prices whilst ditching blue chip stocks, a Cordros market update affirmed. At the end of the day’s session, the Nigerian Stock Exchange (NSE) all-share index (ASI) climbed up 0.36 percent to close […]
Sovereign Trust N1.15 Billion Rights Issue Closes Feb’20
By InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, Sovereign Trust Insurance Plc’s N1.15 billion rights issue will close Friday February 20, 2015, according to offer’s circular made available to InvestAdvocate. The insurer on January 14 opened application and offered to existing shareholders 2,290,585,798 Ordinary Shares of 50 kobo each at N0.50 per Share. Sovereign […]
