Capital Market

Bulls back to NSE, All-Share Index Gain 1.37%

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The bulls resurfaced at the Nigerian Stock Exchange (NSE) on Wednesday as all-share index (ASI) gained 1.37 percent to close at 34,583.29 points, while market capitalisation added N154.33 billion to close at N11.42 trillion. Cordros report say the recent gains leave the Year-to-Date (YTD) and […]

Naira Devaluation, Falling Oil Prices May Affect Access Bank’s N68 Billion Rights Issue-CEO

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Herbert Wigwe, the chief executive officer (CEO) of Nigeria’s top tier lender, Access Bank Plc said on Wednesday the devaluation of Nigerian’s local currency, the naira and falling oil prices may likely affect the bank’s proposed N68 billion rights issue according to a Reuters report. […]

NSE Eyes IPO after Demutualisation, to Trade Derivatives by 2016

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) could decide to do an initial public offering (IPO) after demutualisation of the bourse, Oscar Onyema chief executive officer (CEO) of the NSE disclosed to Reuters late Tuesday in Kenya. He said its changing ownership structure from a mutual company […]