Author: InvestAdvocate

Nestle’s profit rises by 32.3%

By Udeme Ekwere Tuesday, 26 Oct 2010 Nestle Nigeria Plc has posted a profit before tax of N13.28bn for the third quarter ended September 30, 2010. This represents a 32.3 per cent increase over the N9.96bn recorded in the same period of 2009. According to the results released to the Nigerian […]

Dangote Cement may sell 20% to London investors

By Gbenga Agbana with agency reports Tuesday, 26 Oct 2010 Dangote Cement may sell 20 per cent of its cement business to London investors, its Chief Executive Officer, Alhaji Aliko Dangote, said on Monday. “It’s still under consideration, but most likely we may be thinking about taking it to London,” Dangote […]

Survey: economy to grow at slower pace

By CHRIS KAHN, AP Business Writer NEW YORK – The U.S. economy should continue to grow this year, though forecasters have lowered their expectations about the pace of recovery, according to a new survey.   The National Association for Business Economics survey, set to be released Monday, found that economists […]