By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Oil marketing firm, Oando Plc priced shares for its upcoming rights issue at N22 each, the company said on Friday in a notice to the Nigerian Stock Exchange (NSE). Oando disclosed the rights issue would be on the basis of one (1) new share […]
Capital Market
Nigerian Stocks Plunge 4.11% to End Week
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market plunged on Friday as all-share index and market capitalisation went down 4.11 percent to close the week at 33,926.18 and N11.241 trillion respectively. With this development, Year-to Date (YtD) deficit increased by 351 basis points from last week to -17.91 percent. […]
Sell-Off Persists at NSE as Naira Decline Weighs on Investors Risk-Appetite
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Sell-off persisted at the Nigerian Stock Exchange (NSE) on Thursday as decline in naira continues to weigh down on investors risk-appetite. At the end of business on the Nigerian bourse, all-share index (ASI) dipped 2.10 percent to close at 33,428.76 points, while market capitalisation declined […]
