By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one (1) lender, Access Bank Plc said on Thursday its pretax profit for the period ended December 31, 2015 climbed up 88 percent to N75.04 billion from N39.92 billion recorded a year ago. In the same vein, profit after tax (PAT) grew 113.4 percent to […]
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Nigeria’s state oil company denies it failed to remit $16 bln in 2014
Wed Mar 16, 2016/Reuters By Julia Payne Nigeria’s state oil company on Wednesday challenged official allegations that it had failed to remit 3.2 trillion naira ($16 billion) in revenues to the government in 2014 and said it only owed $1.64 billion. The auditor-general made the allegations in a report two […]
Wall St. strengthens as Fed holds rates steady
Wed Mar 16, 2016/Reuters Wall Street gained on Wednesday after the U.S. Federal Reserve held interest rates steady as widely expected and signaled fewer rate hikes for the year. The Fed indicated that moderate U.S. economic growth and “strong job gains” would allow it to tighten policy this year with […]
