Monthly Archives: January 2015

SEC Approves Extension of Pharma-Deko’s N270 Million Rights Issue

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) has approved a two (2) weeks extension for Pharma-Deko Plc’s N270 million rights issue. The offer which opened December… Read more »

Sterling Bank Names Two Directors

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Sterling Bank Plc on Friday appointed two (2) non-executive directors, Olaitan Kajero and Tairat Tijani, the lender said in a notice to the Nigerian… Read more »

Nigerian Bourse: Total Foreign Outflow Increased 65.7% in 2014

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Total foreign outflow recorded at the Nigerian Stock Exchange (NSE) in 2014 increased 65.7 percent to N846.53 billion from N510.78 billion recorded in 2013, according… Read more »

IEI Sacks Two Directors

By InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, International Energy Insurance Plc (IEI) said on Friday it has fired two (2) of its directors, the company said in an issuer’s announcement with the Nigerian… Read more »

Guinness H1 Profit Decline 32%

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Brewer, Guinness Nigeria Plc said on Friday its half-year profit for the period December 31, 2014 declined 32 percent to N3.398 billion from N4.996 billion… Read more »

Nigerian Equities Succumb to Bears, Index Dips 0.84% to End Week

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Friday succumbed to bears as the NSE all-share index and market capitalisation dipped by 0.84 percent to close at 29,562.07… Read more »

Chevron Announces $35.0 Billion Capital and Exploratory Budget for 2015

January 30, 2015/Chevron Chevron Corporation (NYSE: CVX) today announced a $35.0 billion capital and exploratory investment program for 2015. Included in the 2015 program are $4.0 billion of planned expenditures by… Read more »

Seplat Gets another Extension until Feb’13 to Firm Afren Offer

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- First listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc has until February 13, deadline to make a firm offer on… Read more »

Naira Gains 1.1% on CBN’s Intervention

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s local currency, the naira on Friday gained 1.1 percent compared to the U.S Dollar on the Central Bank of Nigeria’s (CBNs) intervention and dollar sales by… Read more »

Nigeria’s central bank sells dollars to lift naira -dealers

Fri Jan 30, 2015/Reuters Nigeria’s central bank intervened on Friday, selling an undisclosed amount of dollars to prop up the naira currency, which has been hit hard by falling global… Read more »