Inter-bank lending rates eased more than 500 basis points on Friday to an average of 10.83 per cent, compared with 16.33 per cent recorded the previous week, after a cash dispersal from the August budgetary allocation to government agencies hit the system. A total of N570bn ($3.62bn) was distributed from […]
Author: InvestAdvocate
NB, GTBank shares gain on market making
Major stock prices closed high on Friday following the commencement of market making activities on the Nigerian Stock Exchange. Specifically, Nigerian Breweries, a stock quoted on the Consumer Goods segment of the Daily Official List hit an all-time high of N145 per share. The share rose by 6.23 per cent […]
President Jonathan Suspends N5,000 Note
Lagos (INVESTADVOCATE)-President Goodluck Jonathan Thursday suspended the planned introduction of the single N5000 note www.investadvocateng.com, has gathered. Reuben Abati, Special Adviser to the President on Media and Publicity, confirmed this to a sesion of the Media. According to him, Federal Government (FG) took the decision in order to give […]
