Investors Bite

Shareholders approve Union Bank’s N50bn rights issue

8/12/2016/The Punch Stanley Opara The shareholders of Union Bank Nigeria Plc have endorsed five resolutions authorising the Board of Directors of the bank to raise up to N50bn through rights issue. The shareholders gave their approval at an Extraordinary General Meeting of the bank held in Lagos on Wednesday. In […]

Stocks Rally’s Records Marginal Gain

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Wednesday reversed the previous session’s negative performance, with the all-share index (ASI) advancing marginally by 0.01 percent to close at 25,673.80 points. “Today’s bullish performance increased the Month-to-Date gain to 1.59 percent, whilst paring the Year-to-Date loss to 10.70 percent, according to […]

Invest in FGN Monthly Bond Auction – December 2016

Culled—Proshare December 6, 2016/DMO The Central Bank of Nigeria on the authority of The Debt Management Office on behalf of the Federal Government Of Nigeria Offers for Subscription by Auction and is authorized to receive applications for N35,000,000,000 – 14.50% FGN JUL 2021 (5-Year Re-opening)* N25,000,000,000 – 12.50% FGN JAN […]