Shareholders of beverage manufacturer, Guiness Nigeria Plc, have approved a dividend of N8.00 per share and scrip dividend representing one ordinary share for every 33 ordinary shares, the company has said. According to a statement by the Corporate Communications Manager, Guiness Nigeria Plc, Olayinka Edmond, the shareholders gave the approval […]
Author: InvestAdvocate
Nigerian inter-bank rates flat on mature T-bills
Nigerian interbank lending rates were flat at an average of 12 per cent last week as a slowdown in foreign exchange demand and the repayment of mature treasury bills boosted naira liquidity. The Central Bank of Nigeria sold a combined $95m to lenders at its two auctions this week, far […]
HSBC Hit By £500m Money Laundering Charge
HSBC will tomorrow prolong the latest wave of financial penalties for Britain’s banks by setting aside hundreds of millions of pounds more to cover settlements for breaching anti money-laundering rules. I have learned that HSBC will raise the likely bill for fines from US authorities to as much as $1.5bn […]
