February 19, 2018/Cowry Asset Click here to download full PDF copy of analysis on New Dividend Payment Rules for Banks
Money Market
Dollar finds footing after steep fall, holds above three-year lows
18/2/2018/Reuters Shinichi Saoshiro The dollar index against a group of six major peers .DXY was mostly steady at 89.045 after enjoying a modest bounce on Friday following its descent to 88.253, its lowest since December 2014. The U.S. currency has been weighed down by a variety of factors this year, […]
CBN Direct Banks With High Non-Performing Loans Not Pay Dividend
February 19, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) and Discount Houses with high Non-Performing Loans (NPLs) not pay dividend to shareholders, according to a circular dated January 31, 2018 with reference number BSD/DIR/GEN/LAB/11/002 and signed by Ahmad Abdullahi, director, Banking Supervision Department, […]