Lamido Sanusi, Nigeria’s ousted central bank governor, filed a court challenge against his suspension by Nigerian President Goodluck Jonathan. The action was filed at the Federal High Court in the capital, Abuja, Owolabi Odekunle, a partner at Sanusi’s legal representatives Kola Awodein and Co., said in an e-mailed reply to […]
Capital Market
Nigeria’s FX reserves fall sharply in year-to-date
Nigeria’s forex reserves fell to $40.68 billion as of Feb. 24, down 13.8 percent year-on-year, central bank figures showed on Wednesday. Africa’s top oil exporter’s reserves stood at $47.18 billion a year earlier. They have fallen 6.5 percent this year. Nigeria’s central bank has been burning its forex reserves in […]
Filing Financial Statements before Corporate Action Could Lead to Negative Reaction-NSE
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian stock exchange (NSE) Wednesday said filling financial statements before corporate action could lead to negative reaction as the market operators will not be aware that the company will declare dividends and or issue bonuses at a future date. The NSE in a statement […]
