Nigeria’s naira firmed against the dollar on Wednesday as Chevron’s local unit sold the U.S. currency and offshore funds bought local debt, dealers said. The naira was trading 0.34 percent higher at 161.60 naira to the dollar at 1116 GMT, from Tuesday’s close of 162.15 naira. Dealers said the local […]
Author: InvestAdvocate
Union Bank Profit up 223% in 2013 Audited Year
By Yakubu LAAH InvestAdvocate Lagos ( INVESTADVOCATE)- Union Bank of Nigeria Plc (UBN) Wednesday said its profit for the year ended December 31, 2013 climbed 223 percent (223%) from N1.187 billion in 2012 to N3.836 billion in 2013. Similarly, pretax profit grew 31.2% from N2.872 billion in 2012 end to […]
Nigeria’s Wema Bank swings to Q1 profit of 590.7 mln naira
Nigeria’s Wema Bank said on Wednesday said it swung to a pretax profit of 591 million naira ($3.64 million) in the first-quarter from loss of 853 million naira in the same period last year, sending its shares higher. Gross earnings rose to 10.15 billion naira during the three months to […]
