By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday reported that the Namibian banking system is highly profitable, well-capitalised and with relatively low nonperforming loans. The IMF’s executive board reported this at the conclusion of the Article IV consultation with Namibia without a meeting. Apart from high profitability […]
Author: InvestAdvocate
Herbalife Plans Offering of Notes to Fund Share Repurchases
Herbalife Ltd. (HLF), the vitamin maker accused by hedge fund manager Bill Ackman of being a pyramid scheme, said it will offer $1 billion in convertible senior notes and use some of the money to repurchase common shares. The initial buyers of the notes, due in 2019, will be Bank […]
Forte Oil Posts N6.52 billion Pre-Tax Profit for 2013
Press Release Proposes N4.31 billion dividend payout to shareholders January 31, 2013: LAGOS, NIGERIA– Forte Oil Plc (formerly AP PLC) Nigeria’s foremost indigenous integrated energy solutions provider has announced a 467% increase in its full year profit before tax to post N6.524bn for the period ending December 31, 2013. Financial Highlights: […]
