Following the increase of the Cash Reserve Requirement on public sector deposits from 50 per cent to 75 per cent last week by the Monetary Policy Committee, the Central Bank of Nigeria will on February 4 withdraw an estimated sum of N1tn from the Deposit Money Banks when the policy […]
Capital Market
South Africa was continent’s top FDI recipient in 2013
Foreign direct investment flows to Africa increased nearly 7 percent to an estimated $56 billion last year, nearly a fifth of which went to top recipient South Africa, a United Nations report said on Tuesday. Africa, along with Latin America and the Caribbean, helped drive FDI inflows to developing economies […]
Presco Nigeria Advances to Record on Dividend Bets
Presco Plc (PRESCO), a Nigerian palm-oil producer, jumped to its highest level on record because of prospects that it will maintain dividend payments and a plan to expand into rubber plantations lure investors. The stock rose 3.3 percent to 44 naira by the close in Lagos, the commercial capital. More […]
