By Peter OBIORA InvestAdvocate Abuja (INVESTADVOCATE)-Collective Investment Schemes (CIS) in Nigeria currently stands at $1.0 billion, Louise Eni-Umukoro, director, CIS Securities and Exchange Commission (SEC) said on Friday at the 2014 SEC Journalists academy in Abuja Nigeria. The SEC’s director, CIS in her lecture titled “Regulation of Collective Investment Scheme’’ noted […]
Capital Market
Oando Price Shares at N22 in Rights Issue
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 […]
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. […]
