By InvestAdvocate Lagos (INVESTADVOCATE)-The bears on Tuesday sustained its hold on the equities market as the Nigerian Stock Exchange (NSE) all-share index (ASI) fell by 0.29 percent to close at 27,555.31 points. “Today’s performance increased the Month-to-Date and Year-to-Date losses to 2.75 percent and 3.92 percent respectively,” according to Cordros […]
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Nigeria overnight lending rate at record high on tight liquidity
October 18, 2016/Reuters Nigeria’s overnight interbank rate was quoted at a record high of 150 percent on Tuesday, two days after lenders placed funds with the central bank to participate in last Friday’s currency forward auction, traders said. They said few deals were done on Tuesday due to a shortage […]
Consumer Staple Companies Set To Benefit from FG’S Feeding Programme
Culled—Proshare October 17, 2016/CardinalStone Research The Federal Government announced that the school feeding programme under its social investment plans will commence this month. Kindly find below our analysis of the impact of the programme on the consumer goods sector; F.G school feeding programme expected to commence October 2016 The Vice-President […]
