By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-First Bank of Nigeria Holdings Plc (FBNH) on Wednesday said its first quarter (Q1) 2014 profit before tax (PBT) fell 21 percent to N24.779 billion from N31.409 billion in the same period of 2013. Similarly, profit after tax (PAT) declined 13 percent to N21.555 billion […]
Author: InvestAdvocate
Nigeria’s Access Bank to Raise $1 Billion for Increased Lending
Access Bank Plc (ACCESS), a Nigerian lender with operations in eight other nations, received shareholder approval to raise $1 billion of capital to finance loans for energy and power projects. The capital may comprise both debt and equity funding, Chief Executive Officer Herbert Wigwe told reporters in Lagos today. He […]
Developing Countries Output Worth Over $45 Trillion in 2011-Report
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The World Bank late Thursday reported that low and middle income countries produced goods and services almost half of the world’s total output and worth about $45 trillion out of the over $90 trillion reported in 2011. This is contained a summary of results and […]
