Regulators, operators and other stakeholders in the Nigerian capital market have emphasised the need for governments at all levels to source funds for capital projects from the market. The stakeholders, who said the capital market was best suited for infrastructure financing, stressed that given the current economic challenges facing the […]
Capital Market
Equities Halts 2-Day Bullish Run Amidst Sell-offs on Banking, Consumer Goods
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday halted a two-day bullish run as all-share index (ASI) declined 0.89 percent to close at 29,642.36 points, while market capitalisation lost N88.36 billion to close at N9.87 trillion. Sell-offs in the Banking and Consumer Goods sectors erased the gains […]
SEC Proposes Return of Unclaimed Dividends within One Year in New Rules
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities and Exchange Commission (SEC) is proposing to return unclaimed dividend to paying companies within 12 months, according to the commission’s proposed amendment of new rules on its official website. SEC affirmed that all unclaimed dividends in the custody of the Registrars shall be […]
