Tag: 2013

Evans Medical Posts N401.1 million loss

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Evans Medical Plc Monday posted a loss of N401.1 million in its third quarter (Q3) report for the period ended September 30, 2013. The statement of comprehensive income of the company released to the Nigerian Stock Exchange (NSE) shows that its loss after tax increased […]

Ecobank under pressure as Africa tightens bank scrutiny

* CEO’s tenure under scrutiny after governance criticised * Nigeria’s SEC criticised Ecobank hiring, called for new chairman * Ecobank says to strengthen governance, call shareholder meeting * Investors disappointed by bank’s lack of governance * Ecobank spokesman says 2013 profits strong, share price unaffected    Ecobank’s response to criticism […]

Turkey: How to Boost Growth Without Increasing Imbalances

Turkey has received well-deserved praise for its growth performance over the last decade. Yet along with this success story has come a steady widening of the current account deficit, projected to come out at 7.4 percent of GDP in 2013. The counterpart of this deficit is a reliance on external […]