By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) finished the week on a positive note as all-share index (ASI) and market capitalisation appreciated by 0.65 percent to close the week at 25,988.40 basis and N8.940 trillion respectively. “Similarly, all other Indices finished higher during the week, with the exception of […]
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MTN Offers $1.5 Billion to Settle Nigeria Fine-Reuters
By InvestAdvocate Lagos (INVESTADVOCATE)-South African telecoms firm, MTN Group has offered $1.5 billion to settle a $3.9 billion fine slammed on it by the Nigerian Communications Commission (NCC) for not complying with the deadline to disconnect unregistered SIM card users, according to a Reuters reporting quoting a document sighted. MTN […]
Diamond Bank Issues Profit Warning Attributed to Impaired Loans in Energy, Commercial Business Sectors
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s lender, Diamond Bank Plc on Friday issued a profit warning on the Nigerian and London Stock Exchanges in respect of its 2015 audited accounts. According to the Bank, this is coming on the heels of continuous deterioration in Nigeria’s macro-economic conditions which has resulted in it […]
