Author: InvestAdvocate

Paints & Coatings Turnover decline by 74.6% in Q3 of 2011

By Ify Onye InvestAdvocate Lagos (INVESTADVOCATE)-Paints & Coatings Manufacturers Plc listed on the Chemical and Paints Sector of the Nigerian Stock Exchange (NSE) Wednesday declared a 74.6 percent (74.6%) decline in Turnover in its Third Quarter (Q3) Report for the period ended September 30 2011. This was contained in the […]

Fired CEO of Olympus speaks with investigators

TOKYO (AP) — The former chief executive of Olympus Corp. met with Tokyo prosecutors Thursday as they probe the Japanese camera and medical equipment maker’s coverup of investment losses. A day later he plans to confront the Olympus directors who sacked him for questioning dubious deals. Japanese NHK TV showed […]

Banks may reduce lending rate by 30% in 2012

Indications have emerged that the 24 Deposit Money Banks in the country may reduce their lending rate by 30 per cent as from next year. Our correspondent gathered from a reliable source at the Bankers Committee, that the banks had unanimously endorsed an initiative by the Central Bank of Nigeria […]