The N656.3bn allocation made for fuel subsidy in the 2012 budget will run out before the end of the year, the Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has said. In addition to the N656.3bn allocation for this year, the Federal Government had also provided N231.8bn in the budget […]

By Opeyemi Issa InvestAdvocate Lagos (INVESTADVOCATE)-United Bank for Africa Plc (UBA) Wednesday reported a N16 billion Profit Before Tax (PBT) in its First Quarter (Q1) Ended March 31 2012. To post this result, the Bank’s PBT grew from N4.8 billion in Q1 of 2011 compared to N16 billion in the […]

Aubrey McClendon, the CEO of Chesapeake Energy Corp, has borrowed as much as $1.1 billion over the last three years against his stake in thousands of company wells – a move that analysts, academics and attorneys who reviewed loan documents say raises the potential for conflicts of interest. The loans, […]