July 30, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market as at midday Monday is up +0.16 percent and driven by gains across most sectors. InvestmentOne reports that market movers as at the review period are insurer, Nem Insuance Plc, drugmaker, GlaxoSmithKline Pharmaceuticals Plc; both have appreciated +9.66 percent and +7.93 […]
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Facebook is Sued After Stock Plunge ‘Shocked’ Market
27/7/2018/Reuters Jonathan Stempel Facebook Inc (FB.O) and its chief executive Mark Zuckerberg were sued on Friday in what could be the first of many lawsuits over a disappointing earnings announcement by the social media company that wiped out about $120 billion of shareholder wealth. The complaint filed by shareholder […]
FMDQ Shareholders Approve N5bn Capital Raise, Name Change
30/7/2018/Vanguard By Nkiruka Nnorom Shareholders of FMDQ OTC Plc have approved the plan by the Board of Directors to raise N5 billion fresh capital to further boost its operation. The shareholders also approved a name change from FMDQ OTC Plc to FMDQ Securities Exchange Plc following earlier approval from the […]
