By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Wema Bank Plc Thursday posted a loss of N853.4 million in its first quarter (Q1) report for the period ended March 31, 2013. From the result announcement of the bank to the Nigerian Stock Exchange (NSE) in Lagos Nigeria and made available to InvestAdvocate, profit […]
Author: InvestAdvocate
ECB holds rates as economy perks up
The European Central Bank left interest rates at a record low 0.5 percent on Thursday following signs of a tentative recovery in the euro zone economy. Its president, Mario Draghi, is expected to emphasize the message that rates will stay at record lows for an extended period at the news […]
Nigeria’s Union Bank says H1 profit falls 4.2 pct
Nigeria’s Union Bank said on Thursday its half-year pretax profit fell to 9.8 billion naira ($61.1 mln), down 4.2 percent from 10.2 billion naira last year. Shares in Union Bank, which had gained 63 percent since the start of the year, were trading flat at 12 naira at 1130 GMT. […]
