By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, Sovereign Trust Insurance Plc (STI) has proposed a N1.15 billion fresh capital via rights issue according to a notice from Cordros Capital. Cordros said the notice is coming on the heels of a recent approval granted the company by its shareholders. A summary of […]

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s oil and gas exploration and production firm, Oando Energy Resources Inc (OER) on Monday said it has received the approval of the Toronto Stock Exchange (TSX) to list $620.4 million warrants. The company said it will list 44,673,441 previously issued warrants to acquire 344,673,441 common shares […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks opened the New Year on a bearish note as the Nigerian Stock Exchange all-share index  (NSE ASI) dipped by 2.06 percent to close at 33,943.29 points, while market capitalisation declined by N240.33 billion to close at 11.24trillion. ‘’This was as a result of […]