The embattled SEC boss who has been shown to abuse her office threw mud at the lawmakers grilling her Under fire Director General of the Security and Exchange Commission, Arunma Oteh, fought back fiercely today after being accused by lawmakers for abusing her office and embarking on limitless spending. Today, […]

Nigeria’s parliament passed the 2012 budget on Thursday with higher expenditure than the finance minister advised, risking further delays to implementing spending plans if President Goodluck Jonathan refuses to approve them.  Last year lawmakers inflated spending proposed by government but Jonathan sent back the budget and asked them to make […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – First City Monument Bank (FCMB) Thursday announced it will declare a N9.00 billion ($57 million) Loss by issuing a Profit warning for the year ended December 31, 2011. This is contained a Notice to the Nigerian Stock Exchange (NSE) by the Bank and […]