By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Cement manufacturer, Dangote Cement Plc (DANGCEM) said it has appointed Dutch man, Onne van der Weijde as its new chief executive officer (CEO) to replace Devakumar Edwin, according to a Bloomberg report. The report quoted Edwin as saying in an e-mailed statement that van der […]
Capital Market
Naira Falls in Second Weekly Loss as Bank Measures Fail to Bite
Jan 23, 2015/Bloomberg The naira retreated for a second straight week as measures taken by Nigeria’s central bank failed to stop the decline of a currency battered by falling oil prices. It depreciated 3.3 percent in the past five days, bringing its two-week decline to 6.5 percent, the most among […]
Nigerian Equities Ends Week Positively, Gains 2.68%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Friday ended the week on a positive note as all-share index and market capitalisation gained by 2.68 percent to close at 29,812.05 and N9.930 trillion respectively, according to the Nigerian Stock Exchange (NSE) weekly report. The NSE reported that all […]
