Markets
News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.
IT’s D-DAY: Will The MPC Devalue The Naira When It Meets Today?
The headline Consumer Price Index will decline marginally to 7.95 per cent for February, down from 8.0 per cent in...
Read moreDetailsInterbank Rates Rose To 18.5% on Friday 18th March
The Nigerian Interbank Offered Rates (NIBOR) increased significantly to an average of 18.5 per cent on Friday, as against the...
Read moreDetailsDIVIDENDS: PZ Shareholders Approve N1.30 Special Dividend. Payment Starts March 17th
Shareholders of PZ Cussons Nigeria Plc have given the management of the company the approval to pay a special dividend...
Read moreDetailsGTB POST N90B PAT, PROPOSES FINAL DIVIDEND OF N1.45 PER SHARE. SHARE PRICE SHEDS 2.5%
Guaranty Trust Bank released its 2013 FY results showing a 9% increase in Gross Earnings to N242billion. Net Interest Income...
Read moreDetailsRewane’s PREDICTIONS are Chilling: CBN May Depreciate Naira Next Week and Increase CRR
THE Central Bank of Nigeria (CBN) may adopt a mixed bag of depreciation of the naira and further tightening of...
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Zenith Bank Post N95b For 2013, Recommend N1.75 Dividend
Zenith Bank released its 2013 Audited accounts with profit after tax down 5% to N95b (2012: N100b). Net Interest...
Read moreDetailsVitafoam Shareholders Approve N245m Dividend, Provides Reasons For Profit Decline
Shareholders of Vitafoam Nigeria Plc on Thursday approved the company’s N245.70m dividend payout for the financial year ended September 30,...
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After Declaring First Time Dividend, Is Transcorp Shares Set For Another Rally?
If you bought Transcorp shares about 6 months ago when it was N1.8 and still hold it, that stock would...
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Transcorp Post N2.8b PAT For 2013 & Proposes First Time Ever Dividend of 5k Per Share
Transcorp Nigeria Plc released its 2013 FY audited results showing a revenue of N2.18billion (2012 FY: N2.36billion) for the company....
Read moreDetailsTime To Hedge? :Financial Derivatives Predict Naira Devaluation By June 2014 or After Elections
The Central Bank of Nigeria will devalue the naira within the next 18 months, a new report by the Nigeria-based...
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