Culled—Proshare February 19, 2018/Afrinvest Market Last Week (Our Observation) • The bearish trend in the Nigerian equities market extended to the second week as the NSE All Share Index (ASI) declined 1.1% W-o-W to settle at 42,638.83 points while YTD return moderated to 11.5% • Performance across sectors was largely bearish as […]
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Intraday Update: NSEASI Sheds -0.53% on Sell-Offs in Banking, Consumer Counters
February 19, 2018/InvestmentOne Report ASI as at 12.00pm: -0.53%. Market movers: PZ (-8.00%), LASACO (-6.06%), LIVESTOCK (+5.00%), JAIZBANK (+5.00%). Sector Performances: Banking (-0.25%), Consumer Goods (-1.22%), Industrial, Oil & Gas. Market activity: In today’s early trade, total volume and total value declined by c. -60% and -35% respectively compared to […]
CBN Direct Banks With High Non-Performing Loans Not Pay Dividend
February 19, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) and Discount Houses with high Non-Performing Loans (NPLs) not pay dividend to shareholders, according to a circular dated January 31, 2018 with reference number BSD/DIR/GEN/LAB/11/002 and signed by Ahmad Abdullahi, director, Banking Supervision Department, […]
