By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Friday ended the week on a bloody note as all-share index (ASI) and market capitalisation dipped 2.34 percent week-on-week (w/w) to close at 30,705.62 basis points and N10.524 trillion respectively. Cordros weekly market update says following the impressive rally last week, the […]
Capital Market
Godwin Emefiele, CBN Governor Risks Reputation With Naira Plan
Emmanuel Asiwe/ huhuonline.com August 14, 2015 Nigerian central bank Governor Godwin Emefiele says he’s on a mission to transform the economy. That’s not what investors are seeking. While the collapse of oil revenue in Africa’s biggest crude producer has limited the bank’s ability to prop up the currency, Emefiele, 54, […]
South Africa’s Standard Bank H1 profit rises 27 percent
Fri Aug 14, 2015/Reuters Africa’s biggest lender by assets, Standard Bank, said on Friday that half-year profit rose by more than a quarter, boosted by demand for loans from businesses. Standard Bank, in which Industrial and Commercial Bank of China owns about 20 percent, said headline earnings per share (EPS) […]
