By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s rescued lender, Union Bank of Nigeria Plc said on Friday its pretax profit for the period ended December 31, 2015 declined 47.5 percent to N14.55 Billion from N27.71 billion recorded a year ago. Similarly, profit after tax (PAT) of the Bank dropped 50 percent to N13.98 […]
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IMF Says Nigeria’s Growth in 2016 Expected to Decline Further to 2.3%
March 31, 2016/IMF On March, 30, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation [1] with Nigeria. The Nigerian economy is facing substantial challenges. While the non-oil sector accounts for 90 percent of GDP, the oil sector plays a central role in the […]
South Africa grants first bourse licence in over 100 years
Wed Mar 30, 2016/Reuters South Africa has issued its first stock exchange operating licence in more than 100 years, paving the way for a local company to compete with the Johannesburg Stock Exchange (JSE). ZAR X Stock Exchange said on Wednesday it would start operating in September after securing approval […]
