It was a rain of Naira in Lagos on September 11, 2013, for the distributors of Dangote Cement as the management of the company splashed about N800 million on them as their sales bonus for 2012. The excited distributors from all states of the federation including Abuja, received various sums […]
Tag: Lagos
Guinness Nigeria Offer Investors -12.5% Lower Dividend in 2013
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Guinness Nigeria Plc Monday offered investors of the company a -12.5% lower dividend in its 2013 audited year. The firm in its corporate action to the Nigerian Stock Exchange (NSE) proposed a N7.00 (700 Kobo) dividend payout to shareholders compared to N8.00 (800 Kobo) paid […]
Naira Hits Year Low as Market Waits on Central Bank: Lagos Mover
Nigeria’s naira retreated for a third day, set for its lowest closing level in more than a year, in the absence of central bank intervention and foreign-exchange sales from oil companies. The currency of Africa’s biggest crude producer declined 0.7 percent to 163.35 per dollar as of 2:24 p.m. in […]
