Nigeria’s interbank lending rates rose further this week to an average of 15.25 percent from last week’s 14.91 percent as state owned energy firm NNPC soaked up available local naira currency.  NNPC sells dollars to some lenders regularly and transfers a portion of the naira proceeds to its account with […]

By Christopher Nnanta InvestAdvocate Lagos (INVESTADVOCATE)-Aliko Dangote, Chairman of the Dangote Group has advised the National Pension Commission (PENCOM) to ensure that 20 percent (20%) of the Asset Under Management (AUM) of Pension Fund Administrators (PFAs) is invested in the Nigerian Capital Market (NCM). This was contained in a Statement […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) Thursday assured that more Firms will list on the Nations Stock Exchange IN YEAR 2012. Bola Adeeko, Chief of Staff/Head of Corporate Division of the NSE made this disclosure during a Media Parley with Capital Market Correspondents at the Stock […]