* Foreign investors spurn Nigeria, locals buy bonds * Index falls to lowest since Nov. 2003 Nigeria’s stock index fell to its lowest level in over eight years on Wednesday, closing down 0.61 percent to 19,829 points, as jittery foreign investors spurned frontier markets and domestic funds switched to bonds, […]

By Ify Onye InvestAdvocate Lagos (INVESTADVOCATE)-African Lender, Ecobank Transnational Incorporation (ETI) Thursday listed 2,488,687,783 Ordinary Shares at Nigerian Stock Exchange (NSE) in Lagos Nigeria. This was contained in a Notice to the NSE and obtained by www.investadvocateng.com. According to the Pan African Bank, the 2,488,687,783 Ordinary Shares listed is a […]

U.S. stocks are sliding Thursday after the head of the European Central Bank said there was no existing plan for large-scale government bond purchases, as many in the markets had hoped. ECB President Mario Draghi’s remarks sent borrowing costs for Italy, Spain and other countries with heavy debt burdens sharply […]