Capital Market

CBN Says Interbank Rate Closed N202/$1

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Wednesday announced the interbank market rate closed at N202/$1 at the end of the day’s transactions. An e-mail sent to InvestAdvocate by Uche Tobias Nnamdi, office of the special adviser to the governor on communications, governor’s department reads thus: “ […]

Rights Issue: Oando Notifies on Deadline for Returns of Acceptance Forms

By InvestAdvocate Lagos (INVESTADVOCATE)- Oil marketing firm,  Oando Plc on Wednesday notified its receiving agents to forward their returns to First Registrars Nigeria Limited not later than today Wednesday 11 February 2015, the company said in issuer’s announcement with the Nigerian Stock Exchange (NSE). Lead Issuing House to the offer, […]

PVCs Not Suitable as Means of Identification-Registrar

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – The Independent National Electoral Commission’s (INEC’s) Permanent Voter Cards (PVCs) will not be suitable as a means of valid identification in the Nigerian capital market as proposed by the Securities and Exchange Commission (SEC). Bayo Olugbemi, president/chairman of Council, Institute of Capital Market […]