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Standard Alliance Insurance reports N8.551 bn loss in 2010 audited end

By InvestAdvocate Lagos (INVESTADVOCATE)-Standard Alliance Insurance Plc, operating in the Insurance sector of the Nigerian Stock Exchange (NSE) has declared a loss of N8.551 billion in the Audited period ended December 31 2010. This was contained in the Result Announcement Friday of the Insurance Firm, obtained by www.investadvocateng.com in Lagos […]

Nigeria interbank rates drop on AMCON bond flows

  LAGOS Oct 14 (Reuters) – The Nigerian interbank lending rates eased on Friday to an average of 13.50 percent from 17.16 percent the previous day after some lenders sold a portion of their bond holdings to the central bank to get cash for operations, dealers said. Dealers said formerly […]

PZ Cussons Nigeria reports 23.6% slip in Q1 profit of 2012

By InvestAdvocate Lagos (INVESTADVOCATE)-Conglomerates Giant, PZ Cussons Nigeria Plc has reported a 23.6 percent (23.6%) slip in Profit After Tax (PAT) in its unaudited first Quarter (Q1) result for the period ended August 31 2011. PAT dropped from N586, 905 million in the previous year to N448, 303 million in […]