By InvestAdvocate Lagos (INVESTADVOCATE)- Pan-African lender, Ecobank Transnational Incorporated (ETI) said on Wednesday its pretax profit for the first quarter (Q1) period ended March 31, 2016 went down 32.4 percent to N20.63 billion from N30.52 billion recorded a year earlier. Similarly, profit after tax (PAT) declined 33.8 percent to N16.21 […]
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UBA Chairman Tony Elumelu Says to Invest more in Eastern Nigeria
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Tony Elumelu, chairman of Africa’s global Bank, the United Bank for Africa Plc (UBA) on Thursday advocated for a sub-regional approach to investment and economic development; while pledging to invest more in Eastern Nigeria. Elumelu who gave the keynote address at the 1st annual Enugu […]
Nigerian Equities Rebound on Resumed Bargain Hunting, ASI up 0.44%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian equities rebounded Thursday on resumed bargain hunting as all-share index (ASI) climbed up 0.44 percent to close at 24,746.16 points, while market capitalisation grew by N37.20 billion to N8.51 trillion. “Today’s performance pared the Month-to-Date and Year-to-Date losses to 2.21 percent and 13.60 percent […]
