Monthly Archives: March 2015

Nigeria’s Buhari wins historic election landslide

Tue Mar 31, 2015/Reuters Three decades after seizing power in a military coup, Muhammadu Buhari became the first Nigerian to oust a president through the ballot box, putting him in… Read more »

ASHAKACEM Declare N5.25 Billion Pretax Profit in 2014

By InvestAdvocate Lagos (INVESTADVOCATE)-Cement producer, Ashaka Cement Plc on Tuesday said it has posted a pretax profit of N5.25 billion in its 2014 audited year end compared to N2.84 billion… Read more »

Stanbic IBTC Post N40.07 Billion Pretax Profit in 2014, Increase Dividend by 50%

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Lender Stanbic IBTC Holdings Plc said on Tuesday its pretax profit for the period ended December 31, 2014 increased 63 percent to N40.070 billion from… Read more »

GlaxoSmithKline Proposes 75 Kobo Dividend, I for 4 Bonuses

By InvestAdvocate Lagos (INVESTADVOCATE)-Drugmaker, GlaxoSmithKline Consumer Nigeria Plc said on Tuesday it’s proposing a 75 kobo per share dividend and one (1) new share for every four (4) existing shares… Read more »

Seplat 2014 Profit Drops to $252 Million from $550 Million

By InvestAdvocate Lagos (INVESTADVOCATE)- First listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc said on Tuesday its profit for the financial year ended December 31, 2014… Read more »

Nigerian Stocks Remain Bullish, Gain 2.13% on Tension of Election Results

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Tuesday gained 2.13 percent as all-share index (ASI) closed at 31,753.15 points, while market capitalisation increased by N226.43 billion to close at… Read more »

Fidelity Bank 2014 Profit Rise 78.7%, Up Dividend 28.6%

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Fidelity Bank Plc on Tuesday said its profit for the year ended December 31, 2014 rose 78.7 percent to N13.796 billion… Read more »

GTBank Names First Female CBN Director Osaretin Afusat Demuren New Chairman

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Guaranty Trust Bank Plc (GTBank) said its set to appoint Nigeria’s first female director of the Central Bank of Nigeria (CBN),… Read more »

Tackling Small and Medium Sized Enterprise Problem Loans in Europe

Wolfgang Bergthaler, Kenneth Kang, Yan Liu, and Dermot Monaghan/IMF The global financial crisis has left a large private sector debt overhang and high levels of nonperforming loans (NPLs) in several… Read more »

Nigeria’s Skye Bank to Raise Up to $250 Million in Share Sale

March 30, 2015/Bloomberg Skye Bank Plc, the Nigerian lender that sold bonds last week, said it plans to raise as much as 50 billion naira ($250 million) by selling stock… Read more »