Flour Mills of Nigeria Plc recently released its audited financial results for the year ended 31 March 2012. Turnover grew by 8.2% from the N238.8bn reported for FY 2011 to N258.3bn. The companies cost profile remained high in the year under review, as direct costs increased by 10.1% year-on-year to […]
Author: InvestAdvocate
Nigeria naira firms as oil firms, Cbank sell dollars
Nigeria’s naira firmed against the greenback on the interbank market on Wednesday, after dollar sales by the central bank and two oil firms boosted liquidity amid lacklustre demand, traders said. The naira ended at 162.75 to the U.S. dollar on the interbank on Wednesday, firmer than the 163.16 it closed […]
Nigeria’s “bad bank” may list nationalised lenders
* AMCON runs three nationalised banks after rescue * Rival banks had been lined up to bid for them * Listing may get more attractive valuation LAGOS, July 3 (Reuters) – Nigeria’s state-backed “bad bank” on Tuesday said it may list three lenders that were nationalised as part of a […]
