Author: InvestAdvocate

ETI approves dividend increase

By Agency reporter Thursday, 17 Jun 2010 Shareholders of Ecobank Transnational Incorporated, the parent company of the Ecobank Group, will receive a 50 per cent increase in dividend payments this year following a resolution approved by the group‘s Annual General Meeting in Kenya on June 11, 2010. Addressing shareholders, the […]

Chevron, Schlumberger forex injection gives Naira edge

THURSDAY, 17 JUNE 2010 01:19 BLESSING ANARO The Naira on Wednesday appreciated against the United States’ dollar for the second consecutive time, this week, closing the week at N148.71/$. Apart from the ability of the Central Bank of Nigeria (CBN) to meet demand, foreign exchange (forex) supply got additional boost […]

BP CEO telling Congress he’s ‘devastated’ by spill

By FREDERIC J. FROMMER and MATTHEW DALY, Associated Press Writers Frederic J. Frommer And Matthew Daly, Associated Press Writers WASHINGTON A day after agreeing to a $20 billion fund to compensate victims of the disastrous oil spill in the Gulf of Mexico, BP’s chief executive expects to tell Congress that […]