By InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group on Tuesday issued a ‘profit warning’ for its 2015 audited year end. ETI in an issuer’s announcement with the Nigerian Stock Exchange (NSE) said it expects to report materially lower profit for the year ended […]
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Auditor-General Says NNPC Failed to Remit $16 Billion Revenue in 2014
By InvestAdvocate Lagos (INVESTADVOCATE)- Samuel Ukura, the auditor-general of the Federation said on Monday that the Nigerian National Petroleum Corporation (NNPC) failed to remit $16 billion (N3.2 trillion) in revenues to the federal government in 2014, according to a Reuters report. This is the same year Lamido Sanusi, the then […]
Wall St. ends flat as investors brace for Fed
Mon Mar 14, 2016/Reuters Wall Street closed little changed on Monday as consumer discretionary gains countered losses in energy shares and investors laid low ahead of a U.S. Federal Reserve meeting. The Dow Jones industrial average .DJI rose 15.69 points, or 0.09 percent, to 17,229, the S&P 500 .SPX lost […]
