Economy

Naira dips against dollar by -0.12%

Naira depreciates further, exchanges at N420.33 against the dollar,
Written by Maritime First

… As MTN Nigeria pays N13.12bn dividend in 2021 at N8.57k per shareholding***

The Naira exchanged at N419.00 to the dollar at the Investors and Exporters window on Friday, a -0.12 per cent depreciation, compared to 418.50 to the dollar on Thursday.

The open indicative rate closed at N417.30 to the dollar on Friday.

Also read: NGX: Capitalisation gains N143bn on gains by Cadbury, Seplat shares

An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N419.00.

The Naira sold for as low as 410 to the dollar within the day’s trading.

A total of 158.55 million dollars was traded in foreign exchange at the official Investors and Exporters window on Friday.

In another development, MTN Nigeria Communications Plc., paid N13.12 billion as dividends to shareholders for Year 2021.

Its audited Financial Statement for the year released in Lagos on Friday showed that the company paid N8.57k per shareholding.

The statement also indicated that at its 2021 Annual General Meeting (AGM), five directors were re-elected just as shareholders representatives were elected to the company’s Statutory Audit Committee.

 

Board representatives were also re-elected at the AGM.

Directors re-elected are Mr Mohammad Ahmad, Mr Andrew AIIi, Mr Michael Ajukwu, Dr Omobola Johnson and Mr AB Mahmoud (SAN).

Shareholders representatives elected are Mr Oye Hassan-OdukaIe, retired Col. Ayegbeni Peters and Mr Nornah Awoh.

Board representatives re-elected are Mr Rhidwaan Gasant and Mrs lfueko Omoigui-Okauru.

 

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Maritime First