The Nigerian Stock Exchange today suspended further trading in Oando Rights until further notice. This action was necessitated by information received yesterday, November 27, 2014 from Vetiva Securities Ltd, the Lead Stockbroker to the Issue, that Oando Plc has not obtained a formal clearance of the Offer documents and registration […]
Capital Market
NSE Market Value Gain N163 billion Amidst Declining Oil Prices, Naira Devaluation
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Market value at the Nigerian Stock Exchange (NSE) on Friday gained N163 billion to close the week at N11.404 trillion from N11.241 trillion recorded previously amidst declining oil prices and naira devaluation. According to Cordros weekly market update, the bulls resurfaced in the Nigerian equities […]
AXA Acquires 77% Stake in Mansard Insurance worth 198 Million Euros
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-French insurer AXA said on Friday it will acquire 77 percent stake worth 198 million euros ($246 million) in cash of Mansard Insurance Plc in a transaction that is expected to close before the end of 2014 according to a statement from the company. AXA […]
