By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s lender, Sterling Bank Plc said on Thursday its first-half (H1) 2015 pretax profit for the period ended June 30, 2015 inched up 1.4 percent to N6.05 billion from N5.97 billion reported a year earlier. Similarly, profit after tax (PAT) grew by 6.9 percent to […]
Capital Market
SEC Issues Capital Market Operators New Deadline for Mergers, Acquisitions
By InvestAdvocate Lagos (INVESTADVOCATE)- The Securities and Exchange Commission (SEC) said on Wednesday it has granted an extension on the notification of intention by Capital Market Operators (CMOs) considering reclassification of function, reduction of functions or merger/acquisition in view of the recapitalisation exercise, till August 31, 2015 as regards the […]
Many Nigerian investments done with dirty money –Ribadu
A former Chairman of the Economic and Financial Crimes Commission, Mr. Nuhu Ribadu, on Wednesday alleged that a lot of investments being done in the country were from funds earned through illegal activities. He also identified illicit financial activities such as terrorism financing and money laundering as a major challenge […]
