By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Access Bank Plc on Monday opened its N52.6 billion ($275.10 million) rights issue at N6.90 per share and will sell 7.63 billion ordinary shares each at a ratio of one new share for every three held by existing shareholders, according to a source […]

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 […]

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 […]