Transnational Corp. of Nigeria Plc, which has interests in industries ranging from agriculture to oil, plans to raise as much as $1 billion to build power plants as it seeks to triple profit in 2014. “We think we can reach financial close by January 2015 and start construction” of a […]

Vetiva Fund Managers Limited says it has inaugurated a new fund targeted at investors with medium risk appetite. According to the firm, the inauguration of the DV Balanced Fund is through an Initial Public Offering of 20,000,000 units at N100 each. It said in a statement on Wednesday that the […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian lender, Guaranty Trust Bank Plc (GTBank) on Wednesday said its profit went down 1.7 percent (1.7%) in its first quarter (Q1) report for the period ended March 31, 2014. Profit before tax (PBT) of the bank went down from N28.491 billion in Q1 2013 […]