Zenith Bank has declared a profit after tax of N95.8bn for the financial year ended December 31, 2012, an increase of 132 per cent when compared to N41.3bn recorded in the same period of 2011. During the review period, total assets of the bank grew by 12 per cent, from […]
Author: InvestAdvocate
ASHON to attract more retail investments
The Association of Stockbroking Houses of Nigeria has intensified its efforts towards attracting more investment into the Nigerian capital market. Specifically, the association said that it would concentrate on retail investors, especially those who fled the market in the wake of the crises in 2008. The Chairman, ASHON, Mr. Emeka […]
Naira Falls to 5-Week Low on Corporate Demand After Auction
The naira reached its lowest in five weeks against the dollar as companies increased demand for the U.S. currency after the central bank sold less than the amount offered at an auction today. The currency of Africa’s biggest oil producer declined 0.2 percent to 158.95 per dollar by 3:10 p.m. […]
