By InvestAdvocate Lagos (INVESTADVOCATE)-African Prudential Registrars and UAC of Nigeria Plc wednesday announced the acquisition a 100 percent (100%) stake in the latter. Both firms in a notice to the Nigerian Stock Exchange (NSE) said that they have received a “No Objection†from the Securities & Exchange Commission (SEC) in […]
Tag: Nigeria
External reserves dropped by $1.8bn in three months
The nation’s external reserves have dropped by $1.8bn within the space of three months, according to the latest data from the Central Bank of Nigeria. The data posted on the CBN’s website on Tuesday showed that the foreign reserves dropped by $1.8bn from the peak of $48.85bn on May 2 […]
Nigeria’s Diamond Bank sees 35 bln naira profit for 2013
Nigeria’s Diamond Bank said it expects to make a pretax profit of 35 billion naira ($219 mln) in 2013, up from 27.5 billion naira last year. Chief Executive Alex Otti said the bank expects to make a 20 percent return on equity in 2013. He added that the lender was […]
