The rationalisation exercise embarked upon by the management of Mainstreet Bank Limited may snowball into a pitched industrial crisis capable of disrupting the operations of the bank next week following a seven day ultimatum given to its management to rescind its decision and return to the negotiating table by the […]
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Nigerian Breweries pays N158 billion dividend in 13 years
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Brewing Giant, Nigerian Breweries Plc has paid a total of N157, 844,948,020 dividend to shareholders of the Company in the last 13 years. A check by www.investadvocateng.com shows that between 1999 to 2011the amount has been paid by the Company as dividend to its investors. […]
JPMorgan $2 billion loss hits shares, credit, image
JPMorgan Chase & Co lost $15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for the banking industry. The loss by one of Wall Street’s most […]
