By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Brewing Giant, Guinness Nigeria Plc, said on Tuesday its first quarter (Q1) post-tax profit for the period ended September 30, 2013 fell by -3.5 percent (3.5%). To record the fall in post-tax profit, the company recorded N1.743 billion compared to N1.807 billion recorded in the […]
Author: InvestAdvocate
CBN Retains Rates at 12%, show concerns on Election Spending
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigeria’s Central Bank Tuesday retained the Monetary Policy Rate (MPR) at 12 percent (12%) consecutively for the thirteenth; as it showed concerns over election spending following its Monetary Policy Committee (MPC) held November 18-19 2013 in Abuja Nigeria. At the end of the MPC […]
JPMorgan $13 billion mortgage settlement expected Tuesday: sources
JPMorgan Chase & Co (JPM.N) is expected to sign a $13 billion agreement with the U.S. government on Tuesday to settle claims it overstated the quality of mortgages sold to investors during the housing boom, two people familiar with the matter said. The civil settlement would mark the end […]
