Jun 30, 2014 4:27 BNP Paribas SA (BNP) pleaded guilty to U.S. sanctions violations and agreed to pay a record $8.97 billion in a case that reached the highest echelons of French and American diplomacy. BNP, France’s largest bank, admitted that it processed almost $9 billion in banned transactions from […]
Author: InvestAdvocate
Excess charges top bank customers’ complaints —CBN
The Central Bank of Nigeria said excess charges constituted 50 per cent of customers’ complaints treated by the bank as of May 2014. The CBN also said it had treated 4,142 fraud-related petitions against banks in the country. This, it said, resulted in the refund of N14.69bn ($1.1m) to aggrieved […]
Seplat’s Post Listing Profit Soars 404.4 Percent
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- First listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company on Monday said it has recorded a sustainable growth of 404.4 percent in its post listing profit for its 2013 audited year end. Following this, Ambrosie Orjiako, chairman of the group at […]