Nigeria’s parliament passed the 2012 budget on Thursday with higher expenditure than the finance minister advised, risking further delays to implementing spending plans if President Goodluck Jonathan refuses to approve them. Last year lawmakers inflated spending proposed by government but Jonathan sent back the budget and asked them to make […]
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FCMB to declare N9.00 billion ($57 million) Loss in 2011 end
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – First City Monument Bank (FCMB) Thursday announced it will declare a N9.00 billion ($57 million) Loss by issuing a Profit warning for the year ended December 31, 2011. This is contained a Notice to the Nigerian Stock Exchange (NSE) by the Bank and […]
Knocks For Spendthrift SEC DG As House Committee Reveals Findings
There were heavy knocks on Wednesday for the Director-General of the Securities and Exchange Commission (SEC), Ms Arunma Oteh, when the Federal House of Representatives’ Committee on Capital Market and Other Institutions investigating the state of the capital market rolled out a list of shocking revelations. In addition to suspiciously […]
