By Opeyemi Issa InvestAdvocate Lagos (INVESTADVOCATE)-Dangote Cement Plc (DANGCEM) Wednesday announced a proposed dividend of N1.25 and 1 for 10 bonuses to shareholders of the Company for Audited Report for the Period Ended December 31 2011. DANGCEM in its Result Announcement to the Nigerian Stock Exchange (NSE) and made available […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria Wednesday released guidelines approving Cheque clearing system to T+1. Under the guidelines titled, “Guidelines on Cheque Truncation in Nigeria” approved by the CBN March 14 2012, Clearing Period – Under the Cheque Truncation regime, cheques shall clear on a T+1 […]

The naira currency was unchanged against the United States dollar on Wednesday after the Central Bank of Nigeria increased dollar supply at the bi-weekly foreign exchange auction. The naira closed at N157.65 against the dollar at the inter-bank market, the same rate as the previous day. Reuters quoted a dealer […]