January 23, 2017/Reuters By Chijioke Ohuocha Jan 23 Guinness Nigeria said on Monday it was seeking shareholder approval for a share issue to raise 40 billion naira ($127 million) which it needs to strengthen its balance sheet following recent losses. The company, which is 54 percent owned by Diageo, reported […]
Investors Bite
Stocks Commence Week Bullish, Buoyed by Oil & Gas Counters
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market commenced the week on a bullish note, with the all-share index (ASI) advancing by 0.03 percent to close at 26,231.37 points. “Today’s positive performance trimmed the Year-to-Date loss to 2.39 percent,” Cordros daily market update affirmed. According to the report, at the close […]
European stocks fall, investors seek safety after Trump address
January 23, 2017/Reuters By Abhinav Ramnarayan | LONDON European stocks and bond yields edged lower on Monday and the dollar briefly hit a six-week low after U.S. President Donald Trump began his term in office with a protectionist speech that drove a nervous market into safe-haven assets. Wall Street was […]
