By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s most capitalised quoted company, Dangote Cement Plc said on Monday its profit after tax (PAT) for the period ended March 31, 2016 dropped 23.52 percent to N52.77 billion from N68.62 billion recorded a year ago. Similarly, profit before tax (PBT) dipped 22.85 percent to N54.53 billion […]
Updates
Nigeria to meet repayment to bondholders for cash-strapped states
25/4/2016/Reuters The Nigerian government will allow cash-strapped states to defer deductions for loans in March so that they will have sufficient funds to pay salaries, the finance ministry said on Monday. The government will instead make loan repayments to bondholders on the states’ behalf, the ministry said. Deductions of 10.9 […]
AfDB’s approval of US $25-million Trade Finance Facility to CABS to boost Zimbabwe’s local firms
25/4/2016/AfDB The Board of Directors of the African Development Bank (AfDB) approved a US $25-million Trade Finance Line of Credit facility to Central Africa Building Society (CABS) of Zimbabwe on April 20, 2016. This medium-term facility will help to support the expansion of CABS’ operations as a provider of trade […]
