By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Oando Plc on Friday announced that Oando Energy Resources Inc. (OER) has paid a total of $550 million as deposit to acquire ConocoPhillips. The company in statement to the Nigerian stock exchange (NSE) said it has increased its deposit with ConocoPhilips by $25 million on […]
Capital Market
Diamond Bank Announces 50.4 Billion Naira Rights Issue
By InvestAdvocate Lagos (INVESTADVOCATE)-Diamond Bank Plc Friday announced a rights issue of N50. 4 billion. The Nigerian mid-tier lender said it has submitted application for a rights issue of 8,685,145,863 ordinary shares of 50 kobo each at N5.80 per share. The Bank said the qualification date for the rights exercise […]
NSE Benchmark Index Dip Marginally 0.03% to End Week
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Benchmark index at Nigerian stock exchange (NSE) Friday dropped marginally 0.03 percent to close the week at 41,517.10 basis points (BPs), while market capitalisation also declined the same margin to close at N13.709 trillion. The NSE reported that four (4) of its indices appreciated during […]
