The Group Managing Director, Diamond Bank Plc, Dr. Alex Otti, says the Central Bank of Nigeria’s monetary policy is currently “very tight” and is limiting banks capacity to give out more loans. Specifically, he said with CBN’s cash reserve ratio on public sector deposits at 75 per cent and private […]
Author: InvestAdvocate
Unilever Q1 Profit Dip 46%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Soap makers Unilever Nigeria Plc on Monday said its pre-tax profit went down 46 percent from N2.021 billion in the Q1 of 2013 to N1.089 billion in the review period of 2014. Also, post-tax profit declined 40.6 percent in the first quarter of 2014 […]
Mobil Nigeria Q1 Profit Up 413.7%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing firm, Mobil Nigeria Plc on Monday said its profit before tax (PBT) climbed up 4.13.7 percent in its first quarter report for the period ended March 31, 2014. PBT of the oil marketing company grew to N4.747 billion in the Q1 of 2014 […]
