Archive: Page 1

A little Breathing Space for the DMO

Culled—Proshare February 23, 2018/FBNQuest Research  At this week’s monthly auction of FGN bonds, the DMO offered N100bn, attracted a total bid of N118bn and raised N80bn (US$260m) from sales. When… Read more »

CBN Amends Dividend Pay-Out Policy For Banks

Culled—Proshare February 23, 2018/FDC  Prior to this guideline, most banks adopted an aggressive dividend policy, partly to shore up their share price and secondly to splash cash to shareholders. Consequently,… Read more »

Bond yields close positive on renewed local interest

Culled—Proshare February 23, 2018/Zedcrest Capital ** Council of State Backs $1bn Intervention Fund for Agriculture*** Bonds The bond market traded on a bullish note, with buy sentiments strengthened by some… Read more »

Total Nigeria Says 2017 Pretax Profit Down 42.0%, Offers Investors N14.00 per Share Dividend

By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing major, Total Nigeria Plc on Friday said its pretax profit for the period ended December 31, 2017 slumped 42.0 percent to N11.79 billion from N20.35… Read more »

House Committee On Banking & Currency Pays Surprise Visit To Arik Air

February 23, 2018/AMCON The Chairman of House of Representatives Committee on Banking and Currency, Hon. Sir Jones Chukwudi Onyereri has commended the present management of Arik Air for the good… Read more »

Nigerian Stocks Close Last Trading Session of the Week Positive

February 23, 2018/InvestmentOne Report Please click to download the Weekly Report for the week ending Friday 23rd February 2018  Global Economy ·         Sentiment towards the South African economy improved in… Read more »

Kaduna Trade Fair: FirstBank Offers Seamless, Innovative Banking Solutions

February 23, 2018/FirstBank In line with its tradition of partnering and supporting initiatives created to promote economic growth in the country, First Bank of Nigeria Limited has announced its participation… Read more »

LafargeHolcim acquires Kendall Group in the UK

February 23, 2018/LafargeHolcim LafargeHolcim has acquired The Kendall Group, a leading aggregates and ready-mix concrete manufacturer with net sales of around CHF 33 million in 2017 operating in the South… Read more »