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CBN offers $300m at forex auction

By Ademola Alawiye The Central Bank of Nigeria on Wednesday intervened in the foreign exchange market as it offered $300m for sale at the foreign exchange auction. The Central Bank of Nigeria in a statement on its website, said, “Further to our circular Ref. FMD/FED/CIR/GEN/01/082/10 of December, 29 2010, the […]

Ikazoboh’s remaining at the Exchange on the prompting of SEC, illegal

  By investadvocate Lagos (INVESTADVOCATE)-Stakeholders in the Nigerian Capital Market (NCM) has frowned over the remaining of Ikazoboh to help run the Nigerian Stock Exchange (NSE) on the prompting of the Securities and Exchange Commission (SEC) affirming that it is illegal. Boniface Okezie, National Coordinator, Progressive Shareholders Association of Nigeria […]

Abbey Building investors to enjoy 25% dividend increase in 2010 end

  By Peter OBIORA investadvocate Lagos (INVESTADVOCATE) – Investors of Abbey Building Society Plc operating in the Mortgage Sector of the Nigerian Stock Exchange (NSE) will enjoy a 25 percent (25%) increase in dividend payout for the year 2010 Financial Year End (FYE). This is coming on the heels of […]