Diageo (DGE.L), the world’s biggest distilled spirits company, reported a 1.8 percent rise in sales for the half-year to December hurt by weakness in China, Thailand and Nigeria. The maker of Johnnie Walker whisky, Smirnoff vodka and Guinness beer said earnings before items were 62.6 pence per share. Sales in […]
Author: InvestAdvocate
Six banks lead on deposits, asset concentration, says CBN
Six of the 23 Deposit Money Banks (DMBs) dominate the banking industry in terms of deposits and asset concentration, the Central Bank of Nigeria (CBN) has said. According to a report by the CBN, the sector is dominated by a few banks as the average market share of assets and […]
Lesotho Records 6% GDP in 2013/14-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Real Gross Domestic Product (GDP) growth of highland African kingdom of Lesotho has remained strong in 2013/1 at around 6 percent (6%) according to the International Monetary Fund (IMF). This is coming on the heels of the IMF’s team led by David Dunn, who visited […]
