The Ad-Hoc Committee of the House of Representatives investigating the near-collapse of the Nigerian Capital Market on Tuesday summoned a former Governor of the Central Bank of Nigeria, Prof. Charles Soludo, and the former Director-General of the Nigerian Stock Exchange, Prof. Ndi Okereke-Onyiuke. The eight-member panel, which is headed by […]

By Christopher Nnanta InvestAdvocate Lagos (INVESTADVOCATE)-First Bank of Nigeria Plc (FBN) Tuesday announced an increase in Profit After Tax (PAT) by 53.46 percent (53.46%) in its 2011 Audited Year End. From the Result Announcement released to the Nigerian Stock Exchange (NSE) and made available to www.investadvocateng.com in Lagos Nigeria, the […]

Citigroup shareholders voted to reject the company’s executive compensation plan during an annual stockholders meeting in Dallas on Tuesday after critics complained that top officials including CEO Vikram Pandit collect rewards all too easily. The proposal received just 45 percent of votes cast and followed  Citigroup’s announcement on Monday it […]