Capital Market

Bulls Resurface on Nigerian Bourse, Index Inch Up 0.52%

By InvestAdvocate Lagos (INVESTADVOCATE) – The bulls on Monday resurfaced on the Nigerian bourse; halting its losing streak as all-share index ASI inched up 0.52 percent to close at 27,728.63 points, compared with a negative 1.25 percent decline recorded previously. Similarly, market capitalisation grew by N47.84 billion to close at N9.25 […]

Seplat Says no Offer for Afren

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- First listed Nigerian oil and gas upstream firm, SeplatPetroleum Development Company Plc has announced no offer for Afren Plc, a U.K. oil and gas explorer. The Nigerian company in an issuer’s announcement with the Nigerian Stock Exchange (NSE) said it had completed extensive due […]

Complaints Management: SEC Empowers Trade Groups, SROs

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) on Monday approved a new complaints management framework, a circular signed by the Commission’s management said. According to SEC, the new rules recognise registered industry trade groups and self regulatory organisations (SROs) as important parts of the new framework. […]