By Peter OBIORA InvestAdvocateLagos (INVESTADVOCATE)- Nigerian mid-tier lender Keystone Bank Limited on Thursday announced it will divest from its offshore subsidiaries in three (3) African countries, Philip Ikeazor, chief executive officer (CEO) of the bank said this at a media parley with financial journalists in Lagos Nigeria. According to Ikeazor, […]
Author: InvestAdvocate
Ex-Jefferies Executive Litvak Gets Two Years for Fraud
Ex-Jefferies & Co. Managing Director Jesse Litvak, deemed an “elite” fraudster by prosecutors for being the only person convicted of fraud over a $20 billion government bailout program, was sentenced to two years in prison for lying to customers about mortgage-backed securities. Defense lawyers successfully argued their client deserved less […]
Zenith Bank Reports 4.5% Rise in Half Year Profit
By Yakubu LAAH InvestAdvocateLagos (INVESTADVOCATE)-Zenith Bank Plc on Wednesday reported its half-year profit after tax (PAT) rose 4.5 percent to N47.445 billion from N45.419 billion in the same period of 2013. Similarly, profit before tax (PBT) grew 7.0 percent to N57.859 billion in the reviewr period from N54.083 billion in […]