Author: InvestAdvocate

We’ll identify banks involved in pension scam –Sanusi

The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has said that the bank is conducting a holistic investigation on Deposit Money Banks to determine their level of involvement in the pension scam. Sanusi said at the Spring Meetings of the World Bank and International Monetary Fund on Sunday in […]

Nigeria ends auditor contracts over fuel subsidy graft

Nigeria has terminated the contracts of two accounting firms involved in auditing its fuel subsidy payments, after a parliamentary inquiry found massive corruption in the government-run scheme, the finance ministry said on Saturday. It was the first public reaction to a parliamentary probe this week that found mismanagement and theft […]

Fidson earmarks 10 Kobo dividend to shareholders, Profit decline by 33%

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Fidson Healthcare Plc Friday earmarked a 10 Kobo dividend to shareholders of the Company as its Profit After Tax (PAT) decline by 33.0 percent (33.0%) in its 2011 Audited Year End. The Company said this in its Result Announcement to the Nigerian Stock Exchange (NSE) […]