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GTCO HOLDINGS
Nigerian banks, tend to spend more on advertising compared to companies in other sectors of the economy. And this usually influences their financial performances.
From the impact of the oil market to the pressures of the Covid-19 pandemic, the market has been expectedly volatile.
Investment One ranked first out of 22 Pension Fund Administrators, having recorded a 6.16% month on month growth on its Fund II, the highest among other PFAs.
Sadly, this move, in addition to similar policies by the CBN, has left many banks cash-strapped and unable to pursue various profitable ventures.
Nigeria’s stock market capitalization was boosted by N1.2 trillion even as the bourse recorded one of its largest market breaths on a monthly basis
Many portfolio investors were unable to move their money from the country due to FX limitations. So, they reinvested.
Market turnover finished lower compared to the previous trading session, as total volume and values dipped by 40.13% and 38.60% respectively, to 348.21 million units and N3.43 billion.
CFO is to ensure that the company is highly profitable so that no matter how high it’s share price might be, if listed on the floor of the Nigerian Stock Exchange, it would still be termed undervalued.
Trading at Nigeria’s bourse remained thin, as many local investors remained on the sidelines
... as the All-share Index declined further by -1.06% to close at 23,695.90 index points.
Nigerian Banks increased their contributions towards the AMCON sinking Fund to about N167 billion in 2019 compared to about N154,9 billion a year earlier.
The role of the secretary in corporate governance is critical as they are to ensure that good corporate practises are adopted and maintained.