Capital Market

Chevron Q4 Profit Decline 30% on Sliding Oil Prices

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-United States oil producer, Chevron Corporation said on Friday its fourth quarter (Q4) declined 30 percent amidst sliding oil prices, a statement from the company said. Chevron reported a Q4 earnings of $3.5 billion ($1.85 per share) compared with $4.9 billion ($2.57 per share) recorded […]

Proshare Unveils Proshare7.0 Feb’02

Jan 30, 2015/Proshare It is with great delight that we wish to announce to you our readers and subscribers that the Proshare Website would be getting a makeover coupled with increased flexibility and avenues for engagement on February 2, 2015. Now that we have data backed by verifiable information and […]

CBN Direct Banks to Compute Net Open Position Daily

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Wednesday directed banks to henceforth compute their Net Open Position (NOP) on a daily basis and forward same to the CBN. This is contained in a circular with reference number BSD/DIR/GEN/LAB/08/006 dated January 28, 2015 and signed by Tokunbo Martins, […]