By InvestAdvocate Lagos (INVESTADVOCATE)-The shareholders of Sterling Bank Plc on Tuesday at an Extra-ordinary General Meeting (EGM) gave approval to the lender to raise fresh capital of N20 billion in order to boost its operations and increase its capital adequacy level. At the EGM, investors of the bank endorsed the […]
Capital Market
‘Fitch projection on bank profits will affect stocks’
The Managing Director and Chief Executive Officer, Cowry Asset Management Limited, Mr. Johnson Chukwu, has said the projection by Fitch Ratings that the profit of Nigerian banks will decline next year, will have a negative impact on their stocks. Chukwu said this, while responding to questions on the performance of […]
NSE Sustains Bullish Trading, All-Share Index Gain 1.34%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Tuesday sustained its bullish trading at the end of the session as all-share index (ASI) gained 1.34 percent to close at 33,670.75 points, while market capitalisation climbed up N144.56 million to close at N11.15 trillion. With this development, current […]
