By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Equities on the Nigerian Stock Exchange (NSE)  slumped further  as all-share index and market capitalisation  went down 5.55 percent week-to-date  (w-t-d) to close on Friday at 38,197.73 and N12.613 trillion respectively. Similarly, all the indices depreciated during the week with the exception of the NSE […]

Foreign portfolio investment outflow from the Nigerian Stock Exchange amounted to N482.91bn in the first eight months of the year, data obtained from the Exchange showed. According to the Exchange, the FPI outflows include sales transactions or liquidation of portfolio investments through the stock market. The N482.91bn withdrawn by the […]

Nigerian Heritage Banking Co. is paying 56.1 billion naira ($340 million) to acquire nationalised lender Enterprise Bank Ltd. Kayode Lambo, a spokesman for Asset Management Corp. of Nigeria, which is overseeing the sale of banks taken over by the state after the financial crisis, confirmed the price today. Amcon on […]