PZ Cussons Nigeria Plc has recorded a 55 per cent decline in its profit after tax for the full financial year ended May 31, 2012. Its result, which was presented to the Nigerian Stock Exchange on Wednesday, showed that its profit, which stood at N5.7bn a year earlier, fell by […]
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Nigerian naira eases on importers’ dollar demand
The Nigerian naira eased against the U.S. dollar on the interbank and the bi-weekly foreign exchange auction on Wednesday as strong demand for the greenback from importers exerted pressure on the local currency. The naira closed at 160.90 to the dollar on the interbank market, compared with Tuesday’s close of […]
CBN plans N142.1bn T-bill sale
The Central Bank of Nigeria has said it plans to auction N142.1bn ($884m) in treasury bills with maturities ranging from three months to one year at a twice monthly debt auction next Wednesday. The CBN said in a statement that it would issue N32.05bn in 91-day paper, N50bn in 182-day […]
