By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Drug manufacturer, GlaxoSmithKline Consumer Nigeria Plc said on Wednesday its full year 2015 pretax profit fell 58 percent to N1.157 billion from N2.752 billion recorded a year ago. Similarly, profit after tax (PAT) dipped 47.8 percent to N965.05 million from N1.848 billion declared in the […]
Tag: Directors
Update: We Stopped Selling Forex To BDCs Because Some CBN Directors Owned Them – Buhari
February 5, 2016/The Will President Muhammadu Buhari has disclosed why his government stopped the sale of foreign exchange to Bureau De Change, BDC, operators, noting that the decision was in response to acts of sabotage perpetrated by some directors of the Central Bank of Nigeria, CBN. Buhari, who revealed this […]
Shareholders accuse ex-MTI directors of fraud
Shareholders of Mass Telecommunication Innovation Plc have accused five former directors of the company of illegally utilising about N5.2bn raised by the company through private placement in 2008. A petition written on behalf of the Chairman, MTI, Kasimu Garba, and other shareholders, to the Securities and Exchange Commission by Punuka […]
