By InvestAdvocate Lagos (INVESTADVOCATE)-Stocks on Monday slumped into the negative zone as sell-offs across major counters saw the all share index (ASI) dip 0.62 percent to close at 25,349.07 basis points, while market capitalisation dropped by N54.35 billion to N8.72 trillion. “Today’s activities cut the ASI’s Month-to-Date gain to 0.17 […]
Tag: InvestAdvocate
Restructuring: UNIONDICON Earmarks $100 Million for Diversification-Cordros
By InvestAdvocate Lagos (INVESTADVOCATE)- Salt producer and food products firm, Union Dicon Salt Plc (UNIONDICON) said its seeking to restructure and has earmarked $100 million for diversification, according to Cordros capital company update. Cordros reported that the plan, according to its management is to transform the company from an integrated […]
Banks channel forex to investors exiting equities, bond markets
April 4, 2016/The Nation By Collins Nweze Foreign investors repatriating profits and others exiting the Nigeria equities and bond markets last week triggered a rise in foreign exchange (forex) disbursement by leading banks. Many of the investors, after liquidating their investments, secured forex to repatriate their funds through Stanbic IBTC […]
