Tag: InvestAdvocate

Volkswagen shares surge as U.S. Dieselgate deal looms

Thu Apr 21, 2016/Reuters Volkswagen (VOWG_p.DE) shares jumped more than 6 percent early on Thursday on expectations that the carmaker was close to reaching a deal to buy back 500,000 diesel cars in the United States in a step toward resolving an emissions rigging scandal. Regulators and prosecutors around the […]

Union Bank Post N4.72 Billion PAT in Q1’16

By InvestAdvocate Lagos (INVESTADVOCATE)-Union Bank of Nigeria Plc (UBN) on Wednesday announced it has posted a profit after tax (PAT) of 4.72 billion in its first quarter (Q1) report ended March 31, 2016 compared to N2.40 billion recorded a year ago. Similarly, profit before tax (PBT) grew from N2.49 billion […]

Nigeria to hold off new MTN talks until parliament concludes probe

20/4/2016/Reuters Nigeria will hold off new talks with South Africa’s MTN over a $3.9 billion fine for missing a deadline to disconnect unregistered SIM card users until parliament concludes a probe, its communications minister said on Wednesday. Last month, the House of Representatives launched a probe into whether Nigeria can […]