Monthly Archives: December 2015

Allex Otti

Appeal Court Declares Diamond Bank’s Ex-MD Alex Otti Governor-Elect of Abia State

By InvestAdvocate Lagos (INVESTADVOCATE)-Alex Otti, former managing director (MD) of Diamond Bank Plc has been declared governor-elect of Abia State, South East Nigeria by the Court of Appeal,  according to… Read more »

NSE Omotola

Nigerian Bourse Ends Last Trading Week of 2015 with 6.59% Gain

  By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) ended the year with a gain of 6.59 percent on its last trading day of 2015 as all-share index (ASI) closed… Read more »


GTBank Names Imoni Akpofure Independent Director

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender on Tuesday appointed Imoni Akpofure as an Independent Director., according to an issuer’s announcement from the bank to the Nigerian Stock Exchange (NSE)…. Read more »


Equity Assurance List 5.15 Billion Supplementary Shares

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, Equity Assurance Plc on Thursday added a total of 5,152,701,580 ordinary shares of 50 kobo arising from placing at N0.50 per share. The company… Read more »


Oil proceeds went into personal accounts, Nigerian president says

Thu Dec 31, 2015/Reuters By Alexis Akwagyiram LAGOS (Reuters) – Nigerian authorities have seen documents suggesting the proceeds from past crude oil sales were diverted to personal accounts rather than… Read more »

Godwin Emefiele

CBN Says Nigeria’s Forex Reserves Down 15.61% to $29.13 Billion Y-o-Y by Dec 29

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said on Thursday Nigeria’s foreign exchange reserves dipped by 15.61 percent year-on-year (Y-o-Y) to $29.13 billion by December 29, 2015 from… Read more »


Ecobank Nigeria Commences Agency Banking Services

By InvestAdvocate Lagos (INVESTADVOCATE)-Lender Ecobank Nigeria said on Thursday it has commenced agency banking services, enabling its appointed agent partners carry out banking services on its behalf. “Agency banking services… Read more »

NSE Gains 3.79% to Reverse Recent Losses

  By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Wednesday gained 3.79 percent to reverse recent losses. At the close of trading on the local bourse, all share index… Read more »

dasuki d

CBN Sources Reveal How It Operated Accounts For Dasuki’s ONSA, Other Government Agencies

December 15, 2015/The Will Following allegations in some quarters that the Central Bank of Nigeria, CBN, was turned into an ATM during the immediate past administration of Goodluck Jonathan, top… Read more »


IOSCO Names Paul P. Andrews of FINRA Secretary General

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Board of the International Organisation of Securities Commissions (IOSCO) on Wednesday announced it has appointed Paul P. Andrews as its new Secretary General. IOSCO… Read more »