Shareholders of Vitafoam Nigeria Plc on Thursday approved the company’s N245.70m dividend payout for the financial year ended September 30, 2013. The shareholders gave the approval at the group’s Annual General Meeting held in Lagos. Vitafoam’s financial results for the year showed that its turnover rose by 12.85 per cent […]
Author: InvestAdvocate
Bank loans hit N15tr in three months
Deposit Money Banks (DMBs) lent N15.04 trillion as loans in the last quarter of last year, a Central Bank of Nigeria (CBN) Economic report has shown. According to the report, the figure represented a 14.9 per cent increase, in contrast to the decline of 0.5 and 1.5 per cent at […]
Sanusi: FG to question CBN external auditors
Based on the queries raised by the Financial Reporting Council of Nigeria on the Central Bank of Nigeria’s audited financial statements for 2012, the council will summon the bank’s external auditors to provide further clarification, sources familiar with the situation have said. President Goodluck Jonathan had on February 20 ordered […]
