Yields on Nigeria’s 10-year debt dropped 18 basis points to 14.07 percent as selling pressure eased, a day after the suspension of the central bank governor caused a selloff in its bond, currency and stock markets. The 2022 benchmark debt, listed in the JP Morgan emerging government bond index and […]
Capital Market
Nigerian stocks hit 6-1/2 month low on banking selloff
Nigeria’s main share index fell 1.34 percent to a 6-1/2 month low on Friday, dragged down mainly by its banking sector, a day after the suspension of the country’s central bank governor caused a broad financial market selloff. The index of Nigeria’s top ten banking index shed 2.25 percent/ The […]
Abbey Building Appoints Emile Hubert Groot Independent Director
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Primary mortgage firm, Abbey Building Society Plc Friday said it has appointed Emile Hubert Groove as an independent director of the company. The company said following a board meeting it held on November 22, 2013. It appointed Groot as an independent director to take effect […]
