The Nigerian naira strengthened against the U.S. dollar on the interbank market on Monday, supported by dollar sales by energy companies Royal Dutch Shell and ExxonMobil to some lenders. The local currency closed at 161.70 to the dollar on the interbank market, firmer than the 161.90 to the dollar it […]
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Dangote Sugar’s profit drops to N713m
Dangote Sugar Refinery Plc has recorded a profit after tax of N713.87m in its unaudited result for the second quarter ended June 30, 2012. This result represents a decline by 50 per cent or N718.87m from N1.432bn recorded for the same period last year. According to the Nigerian Stock Exchange’s […]
Analysts expect strong rally in financial stocks
Following the impressive second quarter results released by major companies in the financial sector, analysts have predicted strong rally in financial stocks. The analysts based their prediction on the fact that some stocks in the sector were currently selling at very low prices, adding that investors would be attracted to […]
