The eagerly awaited H1 2012 audited result for GTBank was released on the floor of the Nigerian Stock Exchange. The bank reported Gross Earnings of N106.1bn for H1 2012, 25.2% higher than the N84.8bn reported in H1 2011(this figure is re-stated from N91.8bn). PBT and PAT recorded remarkable year-on-year growth […]
Author: InvestAdvocate
Citigroup settles shareholder CDO lawsuit for $590 million
Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial crisis. The agreement resolves claims that shareholders ended up with massive losses after the bank […]
CBN to sell N143bn in T-bills
The Central Bank of Nigeria has said it plans to issue N142.97bn ($903.73m) in treasury bills ranging from three-month to one-year maturities at its regular twice-monthly auction on September 6. The bank in a public notice on Wednesday said it would raise N32.97bn in 91-day notes, N50bn in 182-day bills […]
