February 20, 2018/Diamond Bank Plc A Businessman, based in Markurdi, Benue state, Mr. Rapheal Ogugua, on Friday received the star prize of a Hyundai Accent car during the Season 9 DiamondXtra regional prize presentation ceremony held in Umuahia, Abia State. Speaking, shortly after the presentation, Rapheal told pressmen that he […]
Money Market
Inter-Bank FX Rate hits Ytd High of N306.00 Per $ Amid CBN’s wholesale interventions
Culled—Proshare 19/2/2018/Zedcrest Capital ***Reps demand N800bn supplementary budget for fuel marketers*** KEY INDICATORS Inflation 15.13% Declined by 0.24% in January from 15.37% in December 2017 MPR 14.00% Left unchanged at 14.00% at the MPC meeting of November 2017 External Reserves $41.54billion Accreted 1.71% as at 14 February from $41.47bn as […]
CBN’s Amended Internal Capital Generation, Dividend Payout Policy
February 19, 2018/InvestmentOne Report On the 31st of January 2018, CBN released its amended internal capital generation and dividend payout policy. Below we summarize key take away from the policy into four categories. Ione Category Requirements Category 1 There shall be no regulatory restriction on dividend pay-out for Deposit Money […]
