By InvestAdvocate Lagos (INVESTADVOCATE)-The Asset Management Corporation of Nigeria (AMCON) at the weekend said it was not aware on any kerosene fraud in Capital Oil’s operations.  An online media had reported that “the Federal Government through the AMCON has given Capital Oil owned by Ifeanyi Uba, 60 days to pay back […]

Equity trading activities on the Nigerian Stock Exchange closed the week on a negative note as major market indicators dropped marginally. The market capitalisation of the listed shares fell by 0.4 per cent or N29bn from N6.590tn the previous day to close at N6.560tn on Friday. Also, the NSE’s All-Share […]

The Nigerian naira firmed against the U.S dollar on the interbank market on Friday to its highest level in 18 days after state-owned energy company NNPC sold about $550 million to some lenders, providing support for the local currency.  The naira closed at 160.95 to the dollar, firmer than 161.55 […]