The Nigerian naira firmed marginally against the dollar on the interbank market on Monday on speculation that state-owned energy company NNPC would sell the U.S. currency to banks on Tuesday. The naira closed at 162.65 to the dollar, compared with 162.95 per dollar at Friday’s close. Traders said many banks […]
Author: InvestAdvocate
Scoa Nigeria up Dividend 50% Proposes 15 Kobo
By InvestAdvocate Lagos (INVESTADVOCATE)-Scoa Nigeria Plc on Monday said proposed dividend to investors of the company in its 2013 audited year end climbed 50 percent to 15 kobo per share from 10 kobo paid last year. In its corporate action released to the Nigerian stock exchange (NSE) in Lagos Nigeria, […]
DANGFLOUR Board Announce Divestment of 99% Stake in Agrosack Business
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Board of Dangote Flour Mills Plc on Monday announced it has divested its 99 percent stake of the total issued ordinary share capital of Dangote Agrosacks Limited (DASL). The flour millers said in a notice to the Nigerian stock exchange (NSE) that following a […]