The Acting Director-General, Securities and Exchange Commission, Mr. Mounir Gwarzo, has lamented the failure of some companies to fully migrate to the International Financial Reporting Standards. A statement from the SEC quoted Gwarzo as expressing the concern when members of the Association of Reporting Accountants visited him in Abuja on […]
Capital Market
Equities Market Extends Gains Third Day Running, index Up 2.55%
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Wednesday extended its gain as all-share index (ASI) climbed up 2.55 percent closed at 29,177.58 points, while market capitalisation increased by N241.90 billion to close at N9.74 trillion. With this trend, current market Year-to-Date (Y-t-D) returns at the Nigerian Stock […]
Private Equity Investors Dump South Africa for Nigeria, Kenya
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Private equity investors have dumped South Africa for Nigerian and Kenya, a Bloomberg report said on Tuesday. The report says buyout firms are increasingly targeting markets such as Kenya and Nigeria, where expansion this year is forecast by the International Monetary Fund (IMF) to […]
