Oil major Shell may take up to a year to complete a planned sale of assets in Nigeria, and the process may be complicated by an election, the oil major’s chief financial officer said. Shell is looking to make $15 billion in disposals worldwide this year and next, including the […]
Author: InvestAdvocate
Nestle Nigeria Post N6.0 billion Q1 Post Tax Profit
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE) – Beverage maker Nestle Nigeria Plc on Wednesday posted a post tax profit of N6.004 billion in its first quarter 2104 report compared to N5.995 billion in the same period of 2013. The beverage maker also declared a pre-tax profit of N7.071 billion in […]
ETI Gross Earnings up 14.9% in 2013
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Pan African lender, Ecobank Transnational Incorporated (ETI) on Wednesday reported its gross earnings grew 14.9 percent to N411.183 billion from N357.916 billion for its 2013 audited year end. Profit before tax (PBT) declined 34 percent from N53.623 billion in 2012 to N35.374 billion in the […]
