The Nigerian naira firmed against the dollar on the interbank market on Monday, gaining 0.48 percent, after state-owned energy company NNPC sold an undisclosed amount of U.S. currency to lenders. The naira closed at 163.85 to the dollar, compared with 164.65 at Friday’s close. The naira has been slipping since […]
Capital Market
Zenith Bank Seek SEC’s Approval to Divest from Non-Banking Unit
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Zenith Bank Plc on Monday said it’s seeking approval from the Securities and Exchange Commission (SEC) to divest its equity interest in its non-banking subsidiary, Zenith Securities Limited, the lender said in an issuers announcement to the Nigerian Stock Exchange (NSE). […]
NSE All-Share Index Dip 0.91% for Six Running Sessions
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Benchmark index at the Nigerian Equities market on Monday dipped 0.91 percent compared with the 0.32 percent decline reported the previous session resulting in further depreciation of the benchmark index for the sixth consecutive trading session. All-Share Index (ASI) in the review period closed at 40,051.29 […]
