By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-There is indication that the Central Bank of Nigeria (CBN) will henceforth regulate dividend payment by Banks in the country as new rules has been introduced to prevent banks that do not meet minimum capital requirements from doing so, a Reuters report quoted a document […]

Oct 24, 2014 Nigeria’s naira gained, capping its first weekly advance in nine weeks, after the central bank pledged to intervene to support the currency hit by lower oil prices. The naira strengthened 0.3 percent, the most on a closing basis since Oct. 13, to 164.67 per dollar as of […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Alex Otti has resigned as the chief executive officer of Diamond Bank Plc according to a notice from the lender to the Nigerian Stock Exchange. The bank said Uzoma Dozie has been appointed as the new group managing director/CEO to replace Otti who earlier reports […]