After 10 bailouts, $21bn spent and several mergers, Nigeria’s banks have been given a positive report by Standard and Poor’s. It’s a tentative thumbs-up though. There is still work to be done, especially in regulation. But it’s a long way from the crisis of 2009. Back then, eight of the […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Austin Laz and Company Plc Wednesday projected a dividend payout of N154.209 million to investors of the Company in its 2014 Financial Year End (FYE). Austin Asimonye, Managing Director (MD) of the Thermo-Electric Cooler manufacturing Company disclosed this in his presentation at the Listing of […]

Nigeria’s foreign exchange reserves fell to $34.74 billion by Feb. 27, from $35.03 billion on Feb. 13, their highest in six months, the latest data from the central bank showed on Wednesday.  The forex reserves of top Africa’s crude exporter stood at $33.24 billion around the same date a year […]