By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Brewing Giant, Guinness Nigeria Plc, said on Tuesday its first quarter (Q1) post-tax profit for the period ended September 30, 2013 fell by -3.5 percent (3.5%). To record the fall in post-tax profit, the company recorded N1.743 billion compared to N1.807 billion recorded in the […]
Tag: Nigeria
CBN Retains Rates at 12%, show concerns on Election Spending
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigeria’s Central Bank Tuesday retained the Monetary Policy Rate (MPR) at 12 percent (12%) consecutively for the thirteenth; as it showed concerns over election spending following its Monetary Policy Committee (MPC) held November 18-19 2013 in Abuja Nigeria. At the end of the MPC […]
Portfolio investment inflow declines by 4.4% -CBN report
Portfolio investment inflow into Nigeria declined by 4.4 per cent from $6.82bn in the first quarter to $6.52bn in the second quarter of 2013, a new report by the Central Bank of Nigeria has shown. The report entitled, ‘Developments in the External Sector of the Nigeria Economy for the Second […]
