Money Market

Naira firms up at the parallel market, remains weak at interbank

November 4, 2016/Proshare Markets Today, Naira depreciated against the Dollar at the interbank FX market by 7.92% to close at N328.50. The Nigerian currency also traded southwards by 0.21% at Parallel Market to close lower at N469.00. At the end of week,  analysis revealed that the Naira closed with mixed […]

FBN Holdings marks World Savings Day: Takes Financial Literacy to Youths

November 3, 2016/FBN Holdings Plc In its sustained commitment to encourage savings culture among Nigerians FBN Holdings Plc, Nigeria’s most diversified financial services group through its subsidiaries; First Bank of Nigeria Limited, Nigeria’s Most Valuable Bank Brand and FBN Merchant Bank joined the rest of the world on Monday in […]

Dangote Sugar Refinery Plc – Production costs surge, caps earnings growth

Culled—Proshare November 3, 2016/Vetiva Research Strong revenue growth persists, hinged on higher volumes, price DANGSUGAR maintained the impressive revenue growth run-rate recorded from H1’16 in its Q3’16 results, posting an 18% q/q growth in the period. Though flattered by a low base from the preceding year (volumes impacted by distribution […]