Money Market

Diamond Bank 2015 Q1 Post Tax Profit Dip 15.1%

By InvestAdvocate Lagos (INVESTADVOCATE)-Diamond Bank Plc on Monday said its first quarter (Q1) report for the period March 31, 2015 dipped 15.1 percent to N7.167 billion from N8.446 billion recorded in the corresponding period of 2014. Similarly, pretax profit declined 9.4 percent to N8.367 billion from N9.240 billion in the […]

Naira Trades N207 to Dollar in Black Market

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Monday traded N207 to a dollar in the black market which is an improvement recording 0.48 percent gain when compared to its previous day’s position of N208/$1. Proshare’s daily exchange rate monitor affirmed that the value of the naira against the dollar has […]

UAE bank NBAD targets Africa, Asia for wealth management growth

Sun Apr 12, 2015/Reuters National Bank of Abu Dhabi is seeking to expand its wealth management business in Africa and Asia, as it looks to maintain strong growth at a time when its home region is being impacted by political and economic uncertainty. The largest lender by assets in the […]