Monthly Archives: August 2015

Dangote Plans $400 Million Zimbabwe Cement Plant

Mon Aug 31, 2015/Reuters Africa’s richest man, Nigeria’s Aliko Dangote, said on Monday he plans to open a $400 million cement plant in Zimbabwe, a major boost for the southern… Read more »

Bulls Resurface as NSE Gains N299.26 Billion

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Bulls on Monday resurfaced on the Nigerian bourse as all-share index (ASI) gained 3.02 percent to close at 29,684.84 basis points, while market capitalisation grew… Read more »

UACN to Raise Fresh Funds via Rights Issue

By InvestAdvocate Lagos (INVESTADVOCATE)-UAC of Nigeria Plc (UACN) has notified the Nigerian Stock Exchange (NSE) that its proposing to raise capital for its business expansion and further development of the… Read more »

Slow economic growth to hit bond market

Yields on Nigerian bonds are expected to climb this week on tight liquidity in the money market and a sell-off by offshore investors, partly deterred by slowing economic growth. Yields… Read more »

SEC partners with schools ………Provides E-Readers

August 30, 2015/SEC As part of its efforts to continue to partner with relevant stakeholders in pursuance of its Corporate social responsibility, the Securities and Exchange Commission (SEC) has offered… Read more »

Access Bank Lists 6.04 Billion Shares, Eyes Additional Capital

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Access Bank Plc has listed an additional 6,045,052,723 ordinary shares of 50 kobo each on the Daily Official List (DOL) of… Read more »

FirstBank Supports United Nations International Youth Day 2015

August 28, 2015/ First Bank of Nigeria As part of the initiatives to promote youth empowerment and enterprise, First Bank of Nigeria Limited, Nigeria’s most valuable banking brand, has thrown… Read more »

CBN Says 19 million Bank Customers with BVN, Unveil Measures to Enhance E-Payment

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said 19 million bank customers have been given the Bank Verification Number (BVN), according to Musa Jimoh, deputy director,… Read more »

NSE Emerges First African Exchange to Get ISO 27001:2013 Certification

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- The Nigerian Stock Exchange (NSE) on Friday emerged the first African Exchange to attain the  ISO 27001:2013 certification from the British Standard Institute (BSI),… Read more »

NSE Closes Week Bearish, Index Still Below 29,000 Points

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) closed the week on a bearish note as All-Share Index (ASI) still remains below 29,000 basis points dipping 3.56 percent… Read more »