By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-First dual listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc on Tuesday said it has confirmed the dividend currency exchange rate for its 2015 final dividend payout to investors of the company. The currency exchange rate is applicable to shareholders seeking […]
Money Market
Nigeria naira devaluation, two interest rate hikes expected this year
Thu May 19, 2016/Reuters By Vuyani Ndaba Nigeria’s central bank will devalue the naira in the next few months, analysts in a Reuters poll said on Thursday, but will also hike interest rates next week and again in November to control inflation. All but one of 12 analysts polled in […]
Zenith Bank, AFD Signs $100Million Power Sector Credit Facility
16/5/2016/Proshare Zenith Bank Plc, a foremost financial institution in Nigeria and French Development Agency (Agence Francaise de Development (AFD), operator of France’s bilateral development finance mechanism, have signed a US$100 Million power sector credit facility. The on-lending term loan being made available to Zenith Bank is to support new investments […]
