Capital Market

NSE Set to Launch Corporate Governance Rating

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) will today Monday launch its Corporate Governance Rating System (CGRS) in Lagos Nigeria. According to the NSE, the theme of the launch is entitled ‘’Better for Business’’ which will provide unique insights on issues of leadership and corporate governance within […]

ARM Capital, IFC invest $9.5m in Nigerian firm

ARM Capital Partners, the manager of ARM Private Equity Fund, and the International Finance Corporation say they have made a $9.5m equity investment in Boulos Foods and Beverages Limited. According to the financial institutions, the decision to invest in the newly established non-alcoholic beverages manufacturer, which is based in Ibadan, […]

Foreign exchange reserves drop to $38.7bn

The country’s foreign exchange reserves fell 1.94 per cent month-on-month to stand at $38.76bn on October 29, the lowest level in more than three months, according to data from the Central Bank of Nigeria. The reserves also dropped 14.28 per cent year-on-year, compared with $45.22bn the same time last year. […]