In a bid to prevent the naira’s value from crashing, the Central Bank of Nigeria has offered a total of $6.4bn to foreign exchange dealers at its twice-weekly regulated auction in the eight weeks, according to its latest statistics. Data on the agency’s website indicated that the CBN offered the […]
Author: InvestAdvocate
INVESTMENT FOCUS-Next EM hotspots may be Russia, Nigeria and Double Deficit Club
Investors are marking Russia and Nigeria, where current account surpluses and reserves are slowly eroding, as the next likely victim of the rolling emerging market crisis, as well as a “double deficit club” of economies. Rather than looking simply at a country’s external reliance on capital – which prompted investors […]
Transcorp Proposes Five Kobo First Time Dividend
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Conglomerate, Transnational Corporation of Nigeria Plc (Transcorp) Friday proposed a five (5) kobo first time dividend since listing its shares on the Nigerian bourse. The company in a letter to the Nigerian stock exchange (NSE) dated February 28, 2014 and signed by Chinedu Eze, […]
