Monthly Archives: September 2015

NSE Sustains Bullish Streak, Month-to-Date Index Gain 5.16% in September

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Wednesday sustained its bullish streak as all-share index (ASI) inched up 1.27 percent to close at 31,217.77 basis points,… Read more »

Nigerian Breweries Plans to Raise N100 Billion to Boost Growth

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top brewer, Nigerian Breweries Plc said it plans to raise N100 billion in debt to boost liquidity and support growth, according to a Bloomberg report. The… Read more »

CBN Says Slashed CRR Injects N300 Billion into Banking System

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has said the cut cash reserve ratio (CRR) to 25 percent from 31 percent had injected N300 billion into… Read more »

SEC pays tribute to Gamaliel Onosode

September 30, 2015/SEC Press Release The Executive Management and staff of the Securities and Exchange Commission (SEC) note with grief the sad demise of Dr. Gamaliel Onosode who passed on… Read more »

Managing the Transition to a Healthier Global Economy-IMF MD

September 30, 2015/IMF Introduction Good morning. Ambassador Negroponte, thank you for the kind introduction, and thank you to the Council of the Americas for inviting me here today. It is… Read more »

MasterCard Enhances Inclusion and Empowerment Efforts

September 29, 2015/ MasterCard Yesterday, MasterCard reinforced its efforts to drive greater inclusion and empowerment through two separate commitments during the closing plenary of the Clinton Global Initiative. These commitments… Read more »

IMF Releases Q2 Data on Currency Composition of Official Foreign Exchange Reserves

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The global lender, the International Monetary Fund (IMF) on Wednesday released data on currency composition of official foreign exchange reserves. The Fund in a statement… Read more »

LafargeHolcim Releases Squeeze-Out Document with Lafarge S.A

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Newly merged world cement, aggregates and concrete firm, LafargeHolcim on Wednesday  released publication of the squeeze-out document and information relating to LafargeHolcim Ltd and Lafarge… Read more »

We Now Have over 1 Million Customers-Heritage Bank CEO

Lagos (INVESTADVOCATE)-In his usual manner Peter OBIORA Online Editor at on Tuesday September 22, 2015 captured a Question and Answer Session with the Board and management of Heritage Bank… Read more »

PZ Cussons Nigeria Says Q1 2015 Pretax Profit Down 37.3%

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- -Soap makers PZ Cussons Nigeria Plc, on Thursday said its first quarter (Q1) pretax profit for the period ended August 30, 2015 declined 37.3… Read more »