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Access Bank Plc Q3 2011 Equity Snapshot

Executive SUMMARY Access Bank Plc presented its Q3’11 figures with an impressive performance as both headline and bottom-line sustained positive positions.  Specifically, the PAT came in more stronger with 34% (YoY) performance growth against 21% (YoY) recorded in Q2’11 while the gross earnings closed with continued uptrend performance – an […]

Nigerian naira gains vs dollar on oil firms forex sales

The Nigerian naira strengthened against the U.S dollar on the interbank market on Wednesday as about $216 million sold by three energy companies to some lenders provided support for the local currency.  The naira currency closed at 162.20 to the dollar on the interbank market, up from 162.40 on Tuesday.  […]

Olympus reveals $1 billion balance sheet hit

Japan’s disgraced Olympus Corp ironed out its crooked accounts on Wednesday, unwinding a 13-year fraud to reveal a $1.1 billion dent in its balance sheet and igniting speculation it would need to merge or sell assets to repair its finances. The maker of cameras and medical equipment filed five years’ […]