Author: InvestAdvocate

Naira eases against dollar

  By Agency Reporter   Thursday, 9 Sep 2010   The naira eased further to N151.80 to the United States dollar on the interbank market on Wednesday from 151.45 on Tuesday after the Central Bank of Nigeria failed to meet all demand at an official forex auction, traders said. Reuters […]

PZ Cussons declares N2.7bn dividend

      By Gbenga Agbana   Thursday, 9 Sep 2010   PZ Cussons Nigeria Plc has declared N2.7bn dividend for the 2009 financial year. The dividend represents 80 kobo per share and 25 per cent increase over the N2.17bn paid last year.   Speaking at the 62nd Annual General […]

Banks’ stocks drive turnover in bearish trading

  By Ademola Alawiye   Thursday, 9 Sep 2010 Transaction volume at the equities sector of the Nigerian Stock Exchange was dominated by the banking sub-sector on Wednesday.   Trading in banking shares accounted for 55 per cent of total turnover, as 117.83 million shares, valued at N1.01bn were exchanged […]