By InvestAdvocate Lagos (INVESTADVOCATE) – Transcorp Hotels Plc, the hospitality unit of Nigeria’s top tier conglomerate, Transnational Corporation of Nigeria Plc on Tuesday announced the appointment of Saratu Umar as independent non-executive director and Bakari Wadinga, as non-executive director of the firm. TRANSCOHOT said the appointment of the new directors came […]
Updates
UBA Says 2016 Nine Months Profit up 7.64%
By InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA) said on Tuesday its profit after tax (PAT) for the period ended September 30, 2016 grew 7.64 percent to N52.3 billion from N48.5 billion recorded a year ago. Profit before tax (PBT) rose the same margin of […]
Manageable Deficit on the Current Account
Culled—-Proshare October 11, 2016/FBNQuest Research Nigeria’s balance on the current account is highly correlated with its oil exports. Our chart shows that the trade and current accounts move almost in tandem. The balance on trade has fallen from a surplus equivalent to 10.0% of GDP in Q1 2012 to a […]
