By Opeyemi Issa InvestAdvocate Lagos (INVESTADVOCATE)-NPF Microfinance Bank Plc Thursday announced a reduction in dividend payment to investors of the Company by 60 percent (60%). To record a 60% reduction in year 2011 dividend payout to shareholders, the Microfinance Bank Notified the Nigerian Stock Exchange (NSE) that its Board of […]

Nigeria sold 101.22 billion naira ($642.67 million) worth of treasury bills this week at a regular debt auction, with yields on the 91-day inching up while the 182-day bill had lower yields than at the previous auction, the central bank said on Thursday.  The regulator sold 37.49 billion naira of […]

The naira strengthened against the United States dollar on the inter-bank market and held steady on the official window on Wednesday, as large dollar inflows from offshore investors boosted greenback liquidity and supported the local currency. The naira closed at N157.60 to the dollar on the inter-bank market, firmer than […]