Capital Market

Nigerian Stocks Plunge on Elections Postponement, Index Dip 1.3% to End Week

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock on Friday plunged on elections postponement as All Share Index (ASI) dropped for a seventh day to 1.3 percent to close at 27,585.26, the lowest since December 2012. Similarly, the Nigerian Stock Exchange (NSE) market capitalisation dipped by eight (8) percent to […]

Nigerian Breweries Names Samuel Olaniyi Bolarinde Director

By InvestAdvocate Lagos (INVESTADVOCATE)-Brewer, Nigerian Breweries Plc on Friday named Samuel Olaniyi Bolarinde to its boarde ffective February 11, 2015, the beer maker said in an issuer’s announcement with the Nigerian Stock Exchange. According to the company,  Bolarinde received his first degree in Industrial Chemistry from John Dalton College, Manchester, […]

Afren Concludes Takeover Talks with Seplat

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- UK oil and gas explorer, Afren Plc said on Friday it has concluded its takeover bid talks with first listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc. Afren said it would not agree to a request for an extension of […]