By InvestAdvocate Lagos (INVESTADVOCATE)-Diamond Bank Plc Friday reported a loss of N703.4 million in its Third Quarter Result for the period ended September 30 2011. From the Profit and Loss Information made available to the Nigerian Stock Exchange (NSE) and obtained by www.investadvocateng.com, the Bank recorded a loss in Profit […]

The European Financial Stability Facility said Saturday that all three ratings agencies — Standard & Poor’s, Moody’s and Fitch — have confirmed its AAA rating. The highest possible rating was confirmed after amendments decided in July took effect on October 18, bringing the fund’s lending capacity to 440 billion euros […]

The Nigerian interbank lending rates climbed on Friday to an average of 14.83 percent, from 14.50 percent last week, as a two week delay in the disbursal of September budgetary allocations started to dry up liquidity. The disbursal of budgetary allocations from September oil revenues to the three tiers of […]