Nigeria’s naira closed flat against the dollar in the interbank market and weakened slightly on the official foreign exchange window on Wednesday as strong dollar demand kept pressure on the local currency, traders said. The naira closed at 157.60 to the dollar at the interbank market on Wednesday, the same […]
Author: InvestAdvocate
Transcorp Q3 profit rose by 80.85%
Transnational Corporation of Nigeria Plc has announced an 80.85 per cent increase in its profit before tax for the third quarter ended September 30, 2012. A statement by the company on Tuesday stated that profit before tax rose by 80.85 per cent to N1.7bn, from N922.78m in the corresponding period […]
Ecobank, ICIC Bank sign agreement on Indian-African trade
Ecobank Group and ICICI Bank of India have signed a Memorandum of Understanding to promote and facilitate trade and investments between India and Africa. A statement by the bank on Tuesday said the agreement was signed by the outgoing Chief Executive of the Ecobank Group, Mr. Arnold Ekpe and the […]
