By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc is seeking to buy a mid-sized commercial Bank and will seek shareholders approval in May 2016 to enter talks for the deal, a Reuters report quoted Tunde Mabawonku, its chief financial officer (CFO) on Monday. “Wema Bank is keeping a close […]
Tag: Nigerian Bourse
Unrelenting Bears Plummet NSE 2.86% on MSCI Index Reaction
By InvestAdvocate Lagos (INVESTADVOCATE)-Unrelenting bears on Monday pulled down the Nigerian Stock Exchange (NSE) as all-share index (ASI) dipped 2.86 percent to close at 24,649.39 basis points, while market capitalisation sank by N233.45 billion to N8.48 trillion. “Today’s poor performance reflects market reaction to the potential exclusion of Nigerian equities […]
Stocks Slip Back into Red Zone, ASI Decline 0.34% on Sell Pressure
By Yakubu LAAH Y Investadvocate Lagos (INVESTADVOCATE)-Stocks on the Nigerian bourse Thursday slipped back into the red zone as all-share index (ASI) declined 0.34 percent on sell pressure to close at 25,369.52 points, while market capitalisation dipped by N29.68 billion to N8.73 trillion. “Activities in today’s session cut the ASI’s […]
