Stockbrokers have backed Honeywell Flour Mills Plc on its decision to invest N10bn on the expansion of its operations. The stockbrokers expressed their support for the company when they visited its Apapa office on Tuesday, a statement from the company said. Specifically, the stockbrokers promised they would mobilise investors to […]
Capital Market
Equities Rebounds as All- Share Index Up 0.56%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-At the close of business Wednesday at the Nigerian bourse, equities rebounded as all share index (ASI) climbed up 0.56 percent to close the day at 41,627.43 points. The equities market rebounded holding on the back of price rallies in the industrial services sector which […]
IOSCO Seeks to Reduce Over Reliance on Rating Agencies
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Global securities regulator, the International Organisation of Securities Commissions (IOSCO) Wednesday said its seeking ways of reducing over reliance on credit rating agencies (CRAs) by asset managers. IOSCO said its report ‘’ Good Practices on Reducing Reliance on CRAs in Asset Management’’ is aimed at […]
