By InvestAdvocate Lagos (INVESTADVOCATE)-Custodian & Allied Insurance Plc Friday said it was sorry for non-rendition of its 2012 audited result. The company in a notice to the Nigerian Stock Exchange (NSE) and made available to InvestAdvocate said it wishes to apologize to its various stakeholders for the late release of […]
Tag: 2012
GTBank Up Post Tax Profit by 9.06%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Guaranty Trust Bank Plc (GTBank) has increased its profit after tax (PAT) by 9.06 percent (9.06%) in its half year 2013 financial report. To record the 9.0% PAT, GTBank recorded N44.943 billion in the half year of 2012 compared to N49.105 billion recorded in the […]
Fitch: Nigerian banks are unlikely to repeat 2012 profit highs
(The following statement was released by the rating agency) Nigerian banks are unlikely to see a repeat of their robust 2012 profits because of increasing pressure on earnings, Fitch Ratings says. Tougher regulations together with higher funding costs are likely to constrain profitability over the next 18 months. The central […]
