Author Archives: InvestAdvocate

How Lagos lost N2bn in prime real estate

BySamson Echenim Friday, 11 Feb 2011 About 40 metres of land valued at between N1.5bn and N2bn has been washed off by erosion caused by a wrecked ship along the… Read more »

Union Bank: NLC insists on nationwide picketing of branches

By Agency Reporter Friday, 11 Feb 2011 The Nigeria Labour Congress has threatened to go ahead with its decision to embark on nationwide picketing of the offices of the Union Bank… Read more »

Nigeria’s Exchange: 2 hours trading extension boost volume by 51%

By Patrick ONOJA investadvocate Feb 10 2011 16.20 GMT Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) said Thursday February 10 2011 that the two-hour trading extension has boosted the volume of shares traded… Read more »

Suspended firms: Nigeria’s Exchange reinstates Afrinvest

By Peter OBIORA investadvocate Feb 10 2011 13.52 GMT  Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) reinstated the trading privilege of Afrinvest (West Africa) Limited, a Dealing Member firm at its Trading Floor Thursday… Read more »

Market rebounds by 1% on bank gains

By Udeme Ekwere Thursday, 10 Feb 2011 Trading activities on the Nigerian Stock Exchange witnessed a trend reversal on Wednesday, as transactions closed positive to end the five days downward trend…. Read more »

Stocks fall on inflation concern

By Agency Reporter Thursday, 10 Feb 2011 Stocks fell, sending emerging markets down for a fifth day, amid concern that accelerating inflation would push up borrowing costs. Bloomberg News reported that… Read more »

Nigeria to sell N66.5bn sovereign bonds

By Udeme Ekwere with agency report Thursday, 10 Feb 2011 The Debt Management Office on Wednesday said it planned to raise N66.5bn in sovereign bonds. Reuters reported that the instruments would… Read more »

Allstate sells bank to Discover Financial

By Agency Reporter Thursday, 10 Feb 2011 NEW YORK: Allstate Corporation, the largest publicly traded United States home and auto insurer, is exiting the banking business and will sell about $1.1bn… Read more »

‘China may increase interest rates further’

By Agency Reporter Thursday, 10 Feb 2011 BEIJING: China’s central bank will likely need to increase interest rates further in coming months as the three moves since mid-October leave household wealth… Read more »

Morgan Stanley may turn proprietary group into client business

By Agency Reporter Thursday, 10 Feb 2011 NEW YORK: Morgan Stanley, the world’s top merger adviser, may turn its remaining proprietary-trading group into an electronic client-trading unit, according to two people… Read more »