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Nigeria Improved Dollar Supply Helps Firms Settle Overseas Debt [BNN Bloomberg (Canada)]

Mondelez International, Inc. - Class A (MDLZ)  More Company Research Source: BNN Bloomberg
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: mondelezinternational.com/investors
MTN Nigeria Communications Plc, BUA Foods Plc and Cadbury Schweppes Overseas Ltd.'s Nigeria unit, some of the biggest firms in Africa's most populous nation, have reported that they are now able to access dollars to meet their foreign currency obligations, a reversal of a situation where the scarcity of greenbacks left them unable to repatriate profits or pay foreign suppliers. MTN Nigeria, the nation's biggest mobile operator, “utilized the improved liquidity in the foreign exchange market” to reduce letters of credit obligations by 41.6% to $243.4 million from $416.6 million in December, in a bid to curb losses, Chief Financial Officer Modupe Kadiri said at investor conference call last week. The Central Bank of Nigeria has since the beginning of this year introduced measures to improve liquidity, including raising its benchmark rate 600 basis points to attract capital inflows and and dumping the currency's peg to allow the market to determine the naira's exchange rate. This wa [Read more]
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Nigeria Improved Dollar Supply Helps Firms Settle Overseas Debt [BNN Bloomberg (Canada)]

Mondelez International, Inc. - Class A  (MDLZ) 
More Company Research Source: BNN Bloomberg
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: mondelezinternational.com/investors
MTN Nigeria Communications Plc, BUA Foods Plc and Cadbury Schweppes Overseas Ltd.'s Nigeria unit, some of the biggest firms in Africa's most populous nation, have reported that they are now able to access dollars to meet their foreign currency obligations, a reversal of a situation where the scarcity of greenbacks left them unable to repatriate profits or pay foreign suppliers. MTN Nigeria, the nation's biggest mobile operator, “utilized the improved liquidity in the foreign exchange market” to reduce letters of credit obligations by 41.6% to $243.4 million from $416.6 million in December, in a bid to curb losses, Chief Financial Officer Modupe Kadiri said at investor conference call last week. The Central Bank of Nigeria has since the beginning of this year introduced measures to improve liquidity, including raising its benchmark rate 600 basis points to attract capital inflows and and dumping the currency's peg to allow the market to determine the naira's exchange rate. This wa [Read more]
IMPACT SNAPSHOT
EVENT TIME:
MDLZ
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS