Amazon.com reports lower 1st-quarter earnings but beats analysts’ expectations Amazon.com Inc.‘s net income declined in the first three months of the year even though revenue increased 22 percent, as the online retailer continued to spend heavily on order fulfillment and rights to digital content. The world’s largest online retailer, which […]
Author: InvestAdvocate
CBN mops up N4tn from circulation
The Central Bank of Nigeria has mopped up over N4tn from the system since the beginning of the year, a report has shown. According to a report obtained from the Financial Derivative Company Limited on Thursday, the amount mopped up represents 25 per cent of total money supply. The Managing […]
Unilever’s Q1 profit rises to N1.26bn
Unilever Nigeria Plc has announced a profit after tax of N1.26bn for the first quarter ended March 31, 2013. This amount represents a marginal decrease of N7bn or 5.5 per cent compared to N1.334bn recorded in the first quarter of 2012. The company’s result, which was released to the Nigerian […]
