By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Beverage maker Nestle Nigeria Plc has increased its dividend payment by 30 percent in its 2013 audited year end and will pay 24.00 naira compared to 18.50 paid in 2012 end. From the company’s result released Wednesday to the Nigerian stock exchange (NSE) and made […]
Capital Market
Nigeria’s Sanusi Files Lawsuit Challenging Suspension From Bank
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 […]
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 […]
