By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Wednesday closed the session on a bearish note for the third consecutive session, as all-share index (ASI) fell by 0.52 percent to close at 27,687.80 points, while market capitalisation dropped by N56.19 billion to N9.17 trillion. “Today’s proceedings increased […]
Updates
80% of Mastercard U.S. Consumer Credit Cards Have Chips
August 3, 2016/MasterCard Index Helps Deploy M/Chip Fast to Speed Shoppers through Checkout Mastercard today announced that 80 percent of its U.S. consumer credit cards have chips, representing an 88 percent increase in chip card adoption since the October 1, 2015 liability shift started to bring EMV-secured payments to the […]
Nestle Nigeria Plc Q2 16 – FX Loss on Dollar Debt Swings Earnings Negative
August 3, 2016/ARM Research Nestlé Nigeria Plc (Nestlé) released unaudited results for 6 months ended 30th June 2016 wherein revenue rose 22% YoY to N80.4 billion; however PBT and PAT plunged 92% and 94% YoY to N896 million and N535 million respectively. FX losses on dollar debt underpin negative Q2 […]
