Capital Market

Nigerian Stocks Continues Southward trend, Index Now 28,000 Points

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian Stocks on Wednesday continued its southward movement as all-share index (ASI) declined 1.39 percent to close at 28,721.27 points, while market capitalisation declined by N134.94 billion to close at N9.58 trillion. With this loss, current market Year-to-Date (Y-t-D) at the Nigerian Stock Exchange (NSE) […]

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, […]