By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Fresh bargain on Thursday halted the losing streak that has recently permeated the Nigerian equities market as all-share-index (ASI) inched up 0.58 percent to close the day at at 41,359.87 basis points (BPS), compared with the –0.28 percent declinerecorded previously. Analysts at Proshare said its Year-to-Date (YTD) […]

The South African government plans to raise at least $500 million in its first issue of Islamic bonds, a Treasury official indicated on Thursday. “South Africa is looking to issue a benchmark-size sukuk and the tenor will be in line with other sukuk transactions in the market,” Tshepiso Moahloli, director […]

Gulf Marine Services (GMS), a provider of support vessels for offshore oil exploration, is to pay its first dividend after interim profit rose amid strong demand. Net income rose 3 percent to $33.1 million in the six months to June 30, the Abu Dhabi-based company said in a statement. Sales […]