By InvestAdvocate Lagos (INVESTADVOCATE)-Investors in the Nigerian Capital Market (NCM) are selling off their Skye Bank Plc shares following the decision of the Central Bank of Nigeria (CBN) to dissolve the board and management of the Bank. MK Ahmad, chairman of Skye Bank on Friday told stakeholders at the Nigerian […]
Investors Bite
Lafarge Africa Issues Profit Warning for H1 2016 Results on Naira Devaluation
By InvestAdvocate Lagos (INVESTADVOCATE)-Cement producer, Lafarge Africa Plc on Friday issued a ‘profit warning’ saying its half-year 2016 period is expected to be affected by the impact of the naira devaluation compared to the United States dollar resulting in an unrealised exchange loss. According to the board of directors of […]
Investors dump stocks as risk aversion grows; yen up
July 8, 2016/Reuters By Saikat Chatterjee Asian stocks deepened losses and the Japanese yen strengthened against the greenback on Friday as investors dumped riskier assets and fled to safe havens after four police officers were killed and others wounded in the United States. Snipers opened fire on police during rallies […]
