Author: InvestAdvocate

Naira to firm further as Chevron, Mobil, others hit market with dollars

  MONDAY, 28 JUNE 2010 01:11 BLESSING ANARO     The Naira is expected to have a good run this week following anticipated flooding of the market with United States dollars from oil companies. Specifically, Chevron is said to have sent a notice of its month-end dollar sales to some banks […]

Banks May Opt Out, As Proposed AMCON Creates Fresh Apprehension

  Sunday, 27 June 2010, Lagos:  The uncertainty over the template on which the proposed public Asset Management Company of Nigeria (AMCON) recently passed by the Senate, would function may have thrown operators of the capital market into yet another round of apprehension. Also, there are indications that some banks […]

Shareholders’ group tasks banks on unaudited profits

  MONDAY, 28 JUNE 2010 BY HELEN OJI   Apparently dissatisfied with the declaration of profit in the first quarter unaudited 2010 account of most troubled banks, shareholders group, under the aegies of Progressive Shareholders Association of Nigeria has called for a comprehensive breakdown of profit after tax declared by […]