By Stanley Opara Analysts at Financial Derivatives Company Limited have said the increase in the Monetary Policy Rate by the Central Bank of Nigeria may not be adequate to control the prevailing inflationary pressure in the country. The MPR is the anchor rate at which the CBN lends to Deposit […]

By Agency Reporter The naira weakened further against the United States dollar on the interbank market on Wednesday as strong demand for the greenback persisted in the face of static supply, traders said. The naira closed at N153.80 to the dollar against N153.54 on the previous day as the Central […]

By Udeme Ekwere May and Baker Nigeria Plc has assured its shareholders of good dividends at the end of the next financial year. This, according to the new management of the company, is largely as a result of its various investments, including the N3bn investment in a new plant in […]