The Nigerian Stock Exchange has adjusted the prices of three equities for dividend payment. The NSE’s report for the week ended August 17, 2012, said the decision to adjust the prices followed the recommendation of the boards of the companies. The companies affected were Scoa Nigeria Plc; Flour Mills of […]
Author: InvestAdvocate
Bond market to record increased activities – Analysts
The Nigerian bond market is set to record increased activities and patronage, especially in the next few months, analysts have said. This, according to them, would stem from plans by the United States financial institution, JP Morgan, to add Nigerian domestic bonds to its Government Bond Emerging Market Index. A […]
Inter-bank rates fall on budget allocations
Inter-bank lending rates fell sharply on Friday to an average of 14 per cent, from around 19.33 per cent the previous day after about N283bn ($1.80bn) in budget allocations to government agencies hit the market. The Federal Government distributes money from oil revenue to its three tiers of government from […]
