Monthly Archives: April 2015

GlaxoSmithKline 2015 Q1 Profit Dip 52.1%

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Drugmaker, GlaxoSmithKline Consumer Nigeria Plc said on Thursday its first quarter profit after tax (PAT) dipped 52.1 percent to N295 million from N615 million… Read more »

ETI Reports 58% Growth in 2015 Q1 Pretax Profit

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Pan African lender, Ecobank Transnational Incorporated (ETI) said on Thursday its pretax profit for first quarter (Q1) 2015 grew 58 percent to N31 billion from… Read more »

Dangote Flour Post N7.04 billion Loss in 2015 H1

By InvestAdvocate Lagos (INVESTADVOCATE)-Dangote Flour Mills Plc, owned by Africa’s richest man Aliko Dangote on Thursday posted a loss of N7.04 billion in the first half (H1) of 2015 ended… Read more »

Dangote Cement Q1 2015 Pretax Profit Soars 50.6%

By InvestAdvocate Lagos (INVESTADVOCATE)-Cement producer, Dangote Cement Plc said on Thursday its first quarter (Q1) 2015 pretax profit for the period ended March 31, 2015 soared 50.6 percent to N84.36… Read more »

Editorial: IMF unsolicited economic advice to Buhari

April 29, 2015/huhuonline Given the parlous state of the nation’s economy, the new administration of President Muhammadu Buhari certainly needs to manage things not just better, but very differently, considering… Read more »

Stocks slip, euro near two-month high as US economy loses steam

Thu Apr 30, 2015/Reuters Asian stocks stumbled on Thursday while the euro held near two-month highs against the dollar after surprisingly downbeat first-quarter economic growth in the United States –… Read more »

Continental Re Eyes African Acquisitions to Expand-CEO

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s reinsurer, Continental Reinsurance Plc says it plans an African acquisition in  the next three (3) years as it seeks to expand to other parts… Read more »

Jonathan sacks NPA MD

April 30, 2015/Punch President Goodluck Jonathan on Wednesday sacked Mallam Habib Abdullahi as the Managing Director of the Nigerian Ports Authority. He has also named Alhaji Sanusi Bayero as his… Read more »

Breaking: FG Sacks FAAN Director Of Finance

April 30, 2015/ The Federal Government has withdrawn the appointment of the Director of finance of the Federal Airports Authority of Nigeria FAAN Mr. Tochukwu Bede Uchendu.  In a letter… Read more »

Holcim Says Q1 2015 Net Income Grew Significantly 111.6% on Divestment from Siam City Cement

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Holcim Ltd, one of the world’s leading suppliers of cement and aggregates said on Wednesday its 2015 first quarter (Q1) net income grew significantly… Read more »