July 20, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian Stocks midday on Friday dipped -0.10 percent on sell-offs in Banking sector, according to InvestmentOne market update. The update says that market movers are First Aluminum Plc and Japaul Oil & Maritime Plc which declined -9.76 percent and -8.82 percent; while Eterna Plc […]
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Nigeria Wema Bank to sell 20 bln naira debt to boost capital ratio
19/7/2018/Reuters Nigeria’s Wema Bank plans to issue 20 billion naira of debt in August to boost its capital adequacy, its acting chief executive said on Thursday. “We need to enhance our funding. The bank is in the process of raising Tier II and the offer will be opened in August,” […]
Nigerian Stocks Extend Losses Fourth Straight Session on Sell-Offs in Consumer Goods Counters
July 19, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Losses on Thursday extended in the Nigerian equities market for the fourth consecutive session, as the all-share index (ASI) dropped further by 0.76 percent to 36,470.05 points, following sell pressure in consumer goods stocks. Cordros daily market update reports that the Month-to-Date and Year-to-Date […]
