Author: InvestAdvocate

World Bank’s package for acquisition of distressed banks excites analysts

  THURSDAY, 29 JULY 2010 01:13 JOHN OMACHONU     It’s tacit support for our reforms, says CBN Disbursement of N45 billion to GTBank and First Bank by the World Bank to aid in the acquisition of distressed banks has been described as a good omen that will hasten resolution of […]

Ashaka Cement posts N17.2b turnover in 2009

  THURSDAY, 29 JULY 2010 FROM EMEKA ANUFORO, ABUJA   Ashaka Cement Plc, on Wednesday, announced a turnover of N17.2 billion in the 2009 financial year. The company also declared a profit before tax of N2.4 billion profits.Chairman of the company, Emmanuel Ikwue said at the 35th yearly general meeting […]

MRS Oil records N74.6b turnover in 2009

  THURSDAY, 29 JULY 2010 00:00 BY OBIORA ADUBA    For the year ended December 31, 2009, has recorded a turnover of N74.6 billion as against N48.7 billion in 2008, which translates to a 53 per cent increase.Shareholders of the company have also approved a total dividend of N317.5 million, […]