The Nigerian naira eased against the U.S. dollar on the interbank on Wednesday after large dollar sales by state-owned energy firm NNPC and at a central bank currency auction, failed to quell demand for the greenback. The unit closed at 161.10 naira to the dollar on the interbank after opening […]
Author: InvestAdvocate
Nigeria’s Transcorp grows Profit by 71.8% in Q2 of 2012
By InvestAdvocate Lagos (INVESTADVOCATE)-Transnational Corporation of Nigeria (TRANCORP) Tuesday posted a 71.8 percent (71.8%) growth in Profit After Tax (PAT) for the Period Ended June 30 2012. This is contained in the Second Quarter (Q2) 2012 Report of the Conglomerate Giant to the Nigerian Stock Exchange and made available to […]
Nationalisation of PHB, Spring, Afribank fraudulent – Reps panel
The House of Representatives Ad-Hoc Committee on the Near-Collapse of the Capital Market, has said that the nationalisation of Afribank Plc, Bank PHB and Spring Bank by the regulatory authorities was fraudulent. The committee listed Sanusi and Oteh among other officials to be investigated by the Economic and Financial Crimes […]
