By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Wednesday closed lower for the second consecutive session, with the all-share index (ASI) declining by 0.12 percent to close at 26,247.02 points. “Today’s bearish performance increased the Year-to-Date loss to 2.34 percent,” according to Cordros daily market update. The report says the Banking, Consumer […]
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Zimbabwe’s Econet to raise $130 million from rights issue
17/1/2017/Reuters Zimbabwe’s largest mobile telephony company Econet Wireless plans to raise $130 million from shareholders to pay foreign loans it is struggling to settle due to a severe dollar crunch, it said on Tuesday. Econet said in a statement that to avoid defaulting on external obligations, it had decided to […]
Portland Paints to raise N1b fresh equity funds from shareholders
January 18, 2017/the Nation Portland Paints and Products Nigeria (PPPN) PLC has secured the approval of the Nigerian Stock Exchange (NSE) to raise more than N1 billion in new equity funds in its bid to expand its business. A regulatory document at the Exchange obtained by The Nation indicated that […]
