Capital Market

Bears Tighten Grip on Nigerian Stocks, Index Dip Further Below 29,000 BPS

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The bears on Wednesday tightened its grip on Nigerian stocks as sell-offs across all sectors of the market let the benchmark index to its eight consecutive losing sessions. At the end of transactions,  all-share index (ASI) dipped further  2.78 percent to close at 28,961.67 points, […]

UBA Capital changes to United Capital Plc

The shareholders of UBA Capital Plc have approved a change of name for the company to differentiate it from United Bank for Africa Plc. The change of name was one of three special resolutions passed by the shareholders at the company’s extraordinary general meeting, which was held in Lagos on […]

Nigerian Stocks Dip to 29,000 Basis Points Amidst Massive Sell-Offs

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks ended the session on a downward trend as all-share index (ASI) declined by 2.30 percent to close at 29,789.59 points, while market capitalisation lost N232 billion to close at N9.83 trillion. With this decline, current Year-to-Date (Y-t-D) and Month-to-Date (M-t-D) returns at the […]