By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian lender, Stanbic IBTC Bank Plc on Thursday said its profit before tax (PBT) in its first quarter report for the period ended March 31, 2014 climbed up 89.3 percent (89.3%) from N4.739 billion in the Q1 of 2013 to N8.969 billion in the review […]
Author: InvestAdvocate
Goldman Sachs Group, Inc. (GS) Posts Q1 EPS of $4.02, Tops Expectations
Goldman Sachs Group, Inc. (NYSE: GS) reported Q1 EPS of $4.02, $0.53 better than the analyst estimate of $3.49. Revenue for the quarter came in at $9.33 billion versus the consensus estimate of $8.7 billion. Highlights Goldman Sachs continued its leadership in investment banking, ranking first in worldwide completed mergers […]
Seplat Expects Nigeria to Stop Flaring Gas Within 5 Years
Seplat Petroleum Development Co., a Nigerian oil producer that raised about $500 million in an initial share sale this month, expects the African nation to almost stop burning natural gas at oil fields within five years as the domestic fuel market becomes more profitable. Seplat, which flares or burns off […]
