21/2/2017/Punch Oyetunji Abioye The naira tumbled to 520 against the United States dollar at the parallel market on Monday as scarcity of the greenback continued to keep the exchange rate in a free fall mode. The naira had closed at 516/dollar on Friday, after hitting 510/dollar and 507/dollar last Thursday […]
Updates
CBN Unveils New Policy Actions in the FOREX Market
February 20, 2017/CBN In continuation of efforts to increase the availability of Foreign Exchange in order to ease the difficulties encountered by Nigerians in obtaining funds for Foreign Exchange transactions, the Central Bank of Nigeria (CBN) is providing direct additional funding to banks to meet the needs of Nigerians for Personal […]
Nigerian Breweries 2016 After-Tax Profit Down
By InvestAdvocate Click here to download PDF Report Lagos (INVESTADVOCATE)-Nigeria’s brewing giant, Nigerian Breweries Plc said on Monday its 2016 after-tax profit for the full year ended December 31 2016 declined 25.37 percent to N28.4 billion from N38.0 billion recorded a year earlier. Pretax profit for the review period also […]
