08.05.2010  The local currency, the naira depreciated across the official market segments yesterday as dollar supply fell short of the market demand. Traders said supply from the oil majors are drying up after the month-end sales and the market regulator, the Central Bank of Nigeria (CBN) shrinking […]
Uncategorized
Banks Record N848bn Loss in 2009 – Report
By Emele Onu, 08.05.2010 The banking sector made a loss-after-tax of N848 billion in 2009 with profitability ratios becoming meaningless, according to reports by Agusto & Co. The credit rating and research agency disclosed in its 2010 Banking Industry Report released in Lagos this week that “for the first […]
Unilever Q2 profit up 39 percent
 Unilever reports 39 percent increase in second quarter net profit On Thursday August 5, 2010, 2:35 am Unilever NV says second quarter net profit rose 39 percent, beating analyst expectations, as the maker of Lipton tea, Dove soap and Ben & Jerry’s ice cream continued its push to […]
