August 5, 2016/Cordros Research CADBURY’s second quarter (April to June 2016) loss caused H1-16 profits to drop by 78% from Q1-16. The loss after tax in Q2-16 resulted from a combination of (1) cost inflation, which compressed gross margins by over 800bps (y/y and q/q), and (2) a decline in […]
Money Market
CBN Issues Directives on the Removal of Fixed Interest Rate on Credit cards
Culled—-Proshare August 5, 2015/CBN The Central Bank of Nigeria, in furtherance of its efforts at strengthening the Nigerian Payments System, hereby issues the following directives; The Removal of fixed interest rate on Credit cards; Discontinuation of actual address verification in account opening, for customers with the Bank Verification Number (BVN) […]
Naira Hits N400/$1 at Parallel Market
By InvestAdvocate Lagos (INVESTADVOCATE)- The naira on Thursday traded flat at the parallel market (black market) at N400 to the greenback compared to N378 traded the previous session, Cordros daily currency market update said. Cordros reports that the local currency in the interbank market had appreciated against one of the […]
