While mobile money has recorded huge success in various African countries including Kenya, Tanzania and South Africa, the rate of adoption of the initiative is still low in Nigeria, according to Mobile Payment Agency Cooperative. The President, MPAC, Mr. Gbemi Adelekan, said in a statement that despite the launch of […]
Capital Market
Benchmark Index at Nigerian Equities Market Fall below 40,000 Basis Points
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Benchmark index at the Nigerian equities market on Tuesday fell below 40,000 basis points to 39,681.71 points; declining 0.92 percent compared to 0.91 percent recorded the previous session. While market capitalisation depreciated by N121.67 billion to close at N13.10 trillion. Therefore, Its Year-to-Date (YTD) returns […]
Access Bank Seeks Regulatory Approval on 68 billion Naira Rights Issue
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Access Bank Plc on Tuesday said it has filed for regulatory approval to enable it raise 68 billion naira via a rights issue. The Nigeria’s tier one lender said it’s expecting a go ahead from the Securities and Exchange Commission (SEC) in mid-November and expects […]
