Wednesday, November 14, 2018

Tag "Johannesburg Stock Exchange"

    CBN debits accounts of fined banks over MTN’s ‘illegal’ repatriation

CBN debits accounts of fined banks over MTN’s ‘illegal’ repatriation

The Central Bank of Nigeria (CBN) has debited the accounts of three banks in relation to the fine placed on them for allegedly helping MTN repatriate $8.1 billion illegally.In a notice sent to the Nigerian Stock Exchange (NSE), Stanbic IBTC said the deduction will not affect its capacity to handle clients’ requests or clients’ ability to continue to carry out [...]

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    False financial statements, insider dealing — SEC reveals Oando’s ‘sins’

False financial statements, insider dealing — SEC reveals Oando’s ‘sins’

The Securities Exchange Commission (SEC) says it suspects that the management of Oando Plc declared false financial statements and unrealised profits.The commission made this known in a letter signed by Imoh Anast, head, SEC's legal department, and sent to Wale Tinubu, group chief executive officer of the company, on October 17.According to the letter, Dahiru Mangal, who petitioned the company [...]

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    Nigeria boost triggers 8.7% rise in MTN’s full-year earnings

Nigeria boost triggers 8.7% rise in MTN’s full-year earnings

Africa's largest telecom provider, MTN Group on Wednesday posted an 8.7 percent rise in full-year earnings after a revenue boost from Nigeria, which posted a 12 percent revenue increase despite regulatory and operational challenges.Although the country’s performance was below MTN's own expectations, it warned of possible headwinds as weaker oil prices could bring economic doubts to its key market."In Nigeria, [...]

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Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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