By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Shareholders of Sterling Bank Plc is scheduled to meet on November 11, 2014 to deliberate and approve plans by the lender to raise 19.8 billion naira ($200 million) via a special or private placement to strategic investors, the TheAnalyst said. According to the report, the […]
Capital Market
Mobile money adoption still low in Nigeria – MPAC
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 […]
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 […]
