Shareholders of Oando Plc have approved the payment of the N5.1bn dividend for the year ended December 31, 2012. The shareholders, who gave the approval at the company’s Annual General Meeting held in Lagos on Thursday, praised its board and management for guiding the company to achieve positive results. The […]
Author: InvestAdvocate
Severe Sanction Awaits Defaulting Banks on 50% CRR
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Thursday announced that severe sanctions awaits defaulting banks on the newly introduced 50 percent (50%) cash reserve requirement (CRR) on all public funds deposits in the banks. This is contained in a circular with reference number BSD/DIR/GEN/LAB/06/034 dated July […]
Dangote Sugar Half Year Profit Up by 12.1%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Dangote Sugar Plc Thursday posted a 12.1 percent (12.1%) increase in its half year post-tax profit for the period ended June 30 2103. According to the result released on the floor of the Nigerian Stock Exchange (NSE) post-tax profit for the review period increased from […]
