By InvestAdvocate Lagos (INVESTADVOCATE)-The naira was quoted at 242 to the dollar on the parallel (black) market on Wednesday, down 0.8 percent from 240 the previous day after the Central Bank of Nigeria (CBN) cut interest rates, Reuters report quoted a trader. The report said the local currency which is […]
Capital Market
Yield on Nigeria’s 20-year bond down 230 bps after rate cut
Wed Nov 25, 2015/Reuters The yield on Nigeria’s benchmark 20-year bond fell 230 basis points in early trading on Wednesday after the central bank cut interest rates, traders said. The 2034 bond had fallen the most following the central bank action on Tuesday, traders said.
LafargeHolcim Targets CHF 10 Billion Free Cash Flow Generation by 2018
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-World’s cement, aggregates and concrete firm, LafargeHolcim on Wednesday said it’s targeting a CHF 10 billion free cash flow generation by 2018. “On December 1, at the Capital Markets Day, we will present the new company’s first three-year plan, including a clear roadmap on how we plan to […]
