Capital Market

Alibaba Group seeking U.S. listing in third-quarter: sources

China’s e-commerce giant Alibaba Group Holding Ltd is planning a U.S. IPO in the third quarter of this year, people familiar with the matter told Reuters, in what is the expected to be a more than $15 billion deal. The Hangzhou, China-based company, which controls about 80 percent of the […]

NSE List N2.752 billion Vetiva Griffin 30 ETF at N17.27

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian stock exchange (NSE) Friday listed N2.752 billion worth of Vetiva Griffin 30 exchange traded fund (VG 30 ETF) securities at N17.27 kobo. To list the N2.752 billion worth of VG 30 ETF securities, Vetiva Fund Managers Limited listed a total of 159,400,000 units […]

Nigerian Equities Market End Week Bearish, Dip by -2.01%

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market ended the week on another bearish note as all-share index (ASI) depreciated by -2.01 percent – (2.01%) as at March 14, 2104. Weekly stock market report from the Nigerian stock exchange (NSE) says that ASI closed at 38,171.32 basis points, while market […]