Wednesday, April 14African Business News
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Tag: Ambrose Omorodion

Stakeholders on investors’ protection in capital market

Stakeholders on investors’ protection in capital market

Capital Market
When investors bring in their money to support the growth of a company, they are conferred with certain rights or powers that are generally protected through the enforcement of regulations and laws. Some of these rights include disclosure, which provide investors with the information they need to exercise other rights. Every shareholder, be it large or small, need their rights protected. Indeed, sustaining stakeholders’ confidence is a very critical issue in every business organisation. This is more so, in Nigeria’s fledgling capital market that has strugg, led to emerge on the global front. The fortunes of a business soar as long as its customers, investors, employees, board members and other stakeholders, who hold various interests, are assured of full protection of their in...
Index slips further by 0.13% amid sustained profit-taking

Index slips further by 0.13% amid sustained profit-taking

Business
Equities transactions on the Nigerian Stock Exchange (NSE), sustained sliding profile yesterday, as profit-taking took a toll, resulting to a further dip in the All Share Index (ASI) by 0.13 per cent. The ASI decreased by 32.37 absolute points or 0.13 per cent to close at 25,182.67 points. Similarly, the overall market capitalisation lost N17million to close at N13.137trillion. The downtrend was impacted by losses recorded in large and medium capitalised stocks, amongst which were; Julius Berger, Nigerian Breweries, UAC of Nigeria (UACN), Lafarge Africa, and Caverton Offshore Support Group. Analysts noted that the market sustained Wednesday’s decline on profit-taking in stocks that have gained over time. The Chief Operating Officer, InvestData Consulting Limited, Ambrose Omordion,...