Wed Dec 31, 2014/Reuters The Nigerian naira rose against the dollar in thin trade but closed at 181.50, a 13 percent fall on the year from last December’s 160.60, according to Thomson Reuters data. The stock market ended the year down 16 percent. The central bank devalued the naira at […]
Capital Market
Stanbic IBTC List N1.447 Billion ETF Units
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Stanbic IBTC Asset Management Limited, a wholly owned subsidiary of Stanbic IBTC Holdings Plc on Tuesday listed Exchange Traded Fund 30 units worth N1.447 billion on the floor of the Nigerian Stock Exchange. Olumide Oyetan, the chief executive officer, Stanbic IBTC Asset Management, mangers […]
Nigerian Equities Market Remains Positive, as Index Inch Up 0.60%
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Tuesday remained positive as the Nigerian Stock Exchange all-share index (NSE ASI) inched up 0.60 percent to close at 34,684.32 points, while market capitalisation appreciated by N6.76 billion to close at 11.49 trillion. Cordros in its update says the Nigerian […]
