The World Bank said it supports Nigeria’s overhaul of its gross domestic product data that catapulted the economy ahead of South Africa’s as the biggest on the continent. The Washington-based lender, along with the International Monetary Fund and the African Development Bank, cooperated with Nigeria’s statistics agency in rebasing the […]
Author: InvestAdvocate
JPMorgan Profit Falls 19% on Trading, Mortgage Declines
JPMorgan Chase & Co. (JPM:US), the biggest U.S. bank, said first-quarter profit fell 19 percent on lower revenue from fixed-income trading and mortgages, themes that may be repeated across Wall Street next week. The shares declined 2.9 percent. Net income dropped to $5.27 billion, or $1.28 a share, from $6.53 […]
Diamond Bank Q1 profit up 6%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Diamond Bank Plc on Thursday said its first quarter (Q1) profit before tax (PBT) increased by six percent (6%) from N8.735 billion in the Q1 of 2013 to N9.240 billion in the review period of 2014. Gross earnings in the Q1 period grew from N33.839 […]
