The Public Investment Corporation, on behalf of Government Employees Pension Fund, has announced plans to invest $250m (about R1.7bn) in the common equity of Ecobank Transnational Incorporated. The firm, in a statement made available to our correspondent on Thursday, said the investment would represent its first major direct investment outside […]
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Subsidy fund’ll finish before year end – Sanusi
The N656.3bn allocation made for fuel subsidy in the 2012 budget will run out before the end of the year, the Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has said. In addition to the N656.3bn allocation for this year, the Federal Government had also provided N231.8bn in the budget […]
UBA Reports N16 billion Profit in Q1 2012
By Opeyemi Issa InvestAdvocate Lagos (INVESTADVOCATE)-United Bank for Africa Plc (UBA) Wednesday reported a N16 billion Profit Before Tax (PBT) in its First Quarter (Q1) Ended March 31 2012. To post this result, the Bank’s PBT grew from N4.8 billion in Q1 of 2011 compared to N16 billion in the […]
