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NSE Set to Introduce Index Circuit Breakers

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) Tuesday announced its set to introduce a rule titled ”Trading Halts Due to Extraordinary Market Volatility (Index Circuit Breakers)” The… Read more »

Fitch Affirms 8 Nigerian Banks Ratings, Downgrades UBN

Fitch Ratings, an international rating agency, Monday affirmed its Long-term Issuer Default Ratings (IDR) on eight Nigerian banks, even as it downgraded Union Bank of Nigeria Plc (UBN). A statement… Read more »

World Economic Outlook: IMF Projects 3% Downcast

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) has said in its World Economic Outlook (WEO) July, 2013 that global growth is projected to remain subdued at slightly… Read more »

CIS Deregisters 2 Members for Misconduct

By InvestAdvocate Lagos (INVESTADVOCATE)-The Chartered Institute of Stockbrokers (CIS), has deregistred two (2) of its members for unprofessional misconduct. InvestAdvocate gathered that the stockbrokers are Peter Temidayo Ola and  Kingsley… Read more »

NSE Charges $25,000, N1.2 Million on Market Data

By Peter OBIORA InvesAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) Friday confirmed it will charge $25,000 and N1.2 million per annum for those seeking to redistribute real-time international and local… Read more »

$4,095 SEC Fraud: You Have A Case To Answer, Court Tells Hembe, Azubogu

Former Chairman of the House of Representatives Committee on Capital Market, Hon. Herman Hembe and his deputy, Hon. Chris Azubogu who are being prosecuted by the Economic and Financial Crimes… Read more »

Keystone Bank Offers 15% Interest Rate on Mortgage

By InvestAdvocate Lagos (INVESTADVOCATE)-Keystone Bank Limited is offering a 15 to 18 percent (15%-18%) interest rate on mortgage. Philip Ikeazor, Managing Director/Chief Executive Officer (MD/CEO) made this disclosure at a… Read more »

Keystone Bank targets 15% loan book growth in 2013

Press Release The management of Keystone Bank Limited, at the weekend, projected a modest 15 per cent growth in loan book this financial year. The bank also intends to improve… Read more »

Zenith, GTBank, ETI Top List of High Paying Dividend Banks

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Zenith International Bank Plc, Guaranty Trust Bank Plc (GTBank) Plc and Ecobank Transnational Incorporated (ETI) are amongst the high paying dividend banks so far for… Read more »

AMCON Reviews Agents Agreements for Securities Lending

Securities lending will soon take root in the Nigerian capital market as prospective lenders and appointed securities lending agents are reviewing their agreements and proposals expected to facilitate the process…. Read more »