President Goodluck Jonathan has approved the appointment of the immediate past National chairman of the Peoples Democratic Party (PDP) Alhaji Bamanga Tukur, as Chairman, Nigerian Railway Corporation. Tukur had only last week resigned from his position as National Chairman of the country’s ruling party. His appointment as chairman of the […]
Author: InvestAdvocate
British soapmaker Cussons spooks investors with currency hit
British soap and shampoo maker PZ Cussons said its first-half performance was hurt by weak emerging market currencies that showed no signs of improving, prompting a fall in its shares as some analysts cut their full-year forecasts. Cussons, the maker of Imperial Leather soaps, nevertheless posted a 7.9 percent rise […]
UPDATE1-CBN Retains Rate at 12% for 14th Time, Ups CRR to 75%
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The Nigeria’s Central Bank Tuesday retained the Monetary Policy Rate (MPR) at 12 percent (12%) consecutively for the fourteenth time following its Monetary Policy Committee (MPC) held January 20-21 2013 in Abuja Nigeria. However, the public sector cash reserve requirement (CRR) was tightened to […]
