Breaking News

New dividend policy shocks banks as investors lose N100bn in 2 days

Investors with  shares in the banking sector on the Nigerian Stock Exchange, NSE have lost over N100.8 billion in two trading days of the week following the directive by the Central Bank of Nigeria, CBN that restricted dividend payments by banks with high Non Performing Loans, NPLs, and low Capital Adequacy Ratio, CAR from paying dividend to their shareholders.

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High demand for air freshener pitch producers for market share

Rising demand for air-care and increase in concerns over indoor air quality may have led to a high demand for air fresheners in the market.    The demand is further fuelled by the rapid growth in car sales, surge in number of pet ownerships, residential buildings, increase in corporate offices and rise in consumers’ willingness to use premium air fresheners.

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