By InvestAdvocate Lagos (INVESTADVOCATE)-Sterling Bank Plc said on Monday its pretax profit for the period ended December 31, 2015 grew 2.50 percent to N11.016 billion from N10.747 billion posted a year ago. In the same vein, profit after tax (PAT) of the lender increased 14.30 percent to N10.292 billion from […]
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IMF Says China in Historic Transition, Economic Rebalancing
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Christine Lagarde, managing director (MD) of the International Monetary Fund (IMF) said on Monday China is in the midst of a historic transition aimed at transforming and rebalancing its economy. “This transition is good for China and good for the world. As with any […]
With $24.547m, Zenith Records Highest Forex Allocation from CBN
By Obinna Chima For the second time since banks started publishing their returns on foreign exchange (forex) utilisation purchased from the Central Bank of Nigeria (CBN), Zenith Bank Plc got the highest allocation garnering a total of $24,547,235.36 million. Zenith Bank was in fourth place in last week’s review of […]
