Author: InvestAdvocate

Sterling Bank Gross Earnings decline by -13.04%

By Yakubu LAAH investadvocate Oct 27 2010 15.20 GMT Lagos (INVESTADVOCATE)-Sterling Bank Plc (Sterling) has recorded a decline of 13.04 percent (-13.04%) in its Unaudited Third Quarter (Q3) result for the period ended September 30 2010 made available today Wednesday October 27 2010 at the Nigerian Stock Exchange (NSE) in Lagos […]

Dangote acquires 64% stake in South African cement firm

  Dangote becomes largest foreign direct investor in S/A   Dangote Industries Limited (DIL), has formally increased its stake in Sephaku Cement (Pty) Limited, which is based in South Africa, from 19.76 percent to 64 percent. The transaction, which comprises a R779 million investment into Sephaku Cement by Dangote, is […]

Shareholder leader faults court verdict over removal of Bank CEO’s by Sanusi

-Union Bank on the front burner  By Peter OBIORA investadvocate Oct 27 2010 11.12 GMT Lagos (INVESTADVOCATE)-Boniface Okezie, National Chairman of the Progressive Shareholders Association of Nigeria (PSAN) has faulted the verdict Monday October 24 2010 by a Federal High Court in Lagos Nigeria ruling that the Sanusi Lamido Sanusi, Governor […]