South Africa’s inflation rate rose more than estimated in April as a decline in the value of the rand added to the cost of imports, reducing the chances of a cut in interest rates. Inflation was unchanged 5.9 percent from the previous month, Statistics South Africa said on its […]
Author: InvestAdvocate
Fidelity Bank Shareholders Approve N6bn Dividends
Shareholders of Fidelity Bank Plc Tuesday approved a total of N6.08 billion dividend pay-out declared by the bank in its 2012 audited financial reports. That translates to 21 kobo per share for shareholders of the bank. Speaking at the bank’s 25th Annual General Meeting in Abuja, the Managing Director/Chief Executive […]
NSE and Stakeholders’ Unending Wait for Securities Lending
The plan by the Nigerian Stock Exchange (NSE) to introduce securities lending to the nation’s capital market was hailed by stakeholders in the capital market. But the Exchange appears to have abandoned the initiative following market recovery, writes Eromosele Abiodun Following the global financial crisis that led to stock market […]
