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Naira to depreciate to N401\$ in H2’19— Afrinvest

AFRINVEST Limited, a Lagos based investment firm, has projected that the naira will  depreciate to N401 per dollar in the second half of 2019 (H2’19). The  firm also projected  that Nigeria’s Gross Domestic Product, GDP, will grow by 2.5 percent  this year as  against 1.9 percent recorded in 2018. The firm made this projection  in its economic outlook for 2019 titled: “On the Precipice, of the 2019 economic outlook”.   Presenting the firms’ outlook compiled by the Chief Executive Officer, Mr. Ike Chioke, the Deputy Managing Director, Afrinvest, Victor Ndukauba said: “Overall, we believe the exchange rate will remain stable, especially in H1’19, since the CBN has ample reserves for interventions.

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After keying into e-dividend, we still get dividend warrants – Shareholders

Some of our shareholders still get dividend warrants from Registrars after they have mandated to the e-dividend platform. Even I, an active player in the capital market that has also keyed into this e-dividend platform still get dividend warrants after several months that I have registered all my shares in the e-dividend platform. The regulators should keep monitoring the registrars because some of them are understaffed and lack some facilities that would facilitate the processing of this e-dividend.

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2019: Decline in loan, income imminent

THE Microfinance Bank, MfB, sub-sector will likely experience a drop in lending activities  and income generation in the first half of 2019, H1’19,  due to anticipated risky environment. But they are likely to focus on recapitalisation to meet the new minimum capital requirement of the Central Bank of Nigeria, CBN, ahead of the April 2020 deadline.

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