Diamond Bank Plc’s rights issue aimed at raising N50.37bn for enhancing the bank’s operations closed on Tuesday. The closure comes despite calls by some of the bank’s shareholders for the issue to be extended. Diamond Bank had received the approval for the issue from shareholders in April at its Annual […]

Stanbic IBTC Asset Management Limited has finalised plans to float an Exchange Traded Fund, the Stanbic IBTC ETF 30, a move it said was aimed at further developing the country’s capital market. An Exchange Traded Fund is an investment vehicle that tracks an index, a basket of assets, or a […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Tuesday closed downwards due to continuous sell pressure in various sectors as benchmark index dropped 0.25 percent compared to 0.54 percent depreciation reported that previous session. The decline returned the year-to-date performance to a 0.23 percent loss according to analysts […]