Jun 23, 2010 By Michael Eboh & Providence Obuh                                                     The recovery plan put in place by the management of Oceanic Bank International Plc has started yielding positive fruits, as the bank bounced bank to profitability, announcing a profit after tax of N1.12 billion in its first quarter financial […]
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Fair valuation of bank loans will increase volatility of shareholder interest, Fitch
June 21, 2010 By Omoh Gabriel Business Editor The new requirement by financial regulators across the globe as a result of the impact of the global financial crisis on economies is generating heated debate and controversies. Specifically the requirement that bank loans be measured on the balance sheet at fair […]
NBC’s turnover hits N90.2b
Jun 21, 2010 By Naomi Uzor The Nigerian Bottling Company (NBC) has announced a 13 per cent growth in its turnover to N90.2 billion in its 2009 financial statements from N80.1 billion recorded in 2008.In his statement at the 2009 annual general meeting of the company, Amb Olusegun Apata, […]
