Monthly Archives: October 2015

BVN: CBN Warns Customers of Fraudsters

October 30, 2015/CBN It has come to the notice of the Central Bank of Nigeria (CBN) that certain unscrupulous individuals have been sending unsolicited mails and text messages to unsuspecting… Read more »

Safeguards Assessments Policy – External Expert Panel’s Advisory Report

October 30, 2015/IMF Summary:This report by the external expert panel (“the panel”) examines the effectiveness and appropriateness of the safeguards assessments policy in the five years since its last review… Read more »

NSE Index Close Week Red, Sheds 2.78%

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) closed the week in red as all-share index (ASI) and market capitalisation shed 2.78 percent to close on Friday at… Read more »

How Sterling Bank Allegedly Laundered N2.4bn For Gov.Uduaghan

October 31, 2015/Emmanuel Asiwe, It is no longer news that Nigeria elites only seek political office to enrich themselves, but what many Nigerians are not aware of is that… Read more »

Ecobank shelves Nigeria share sale, forecasts low loan growth

Thu Oct 29, 2015/Reuters Pan-African lender Ecobank has suspended plans to sell shares to raise capital for its Nigerian unit because market sentiment is weak and loan growth in Africa’s… Read more »

UBA Confirms Receipt of CBN’s Letter on N2.9 Billion Penalty

By InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global bank, United Bank for Africa Plc said on Thursday it has received a letter from the Central Bank of Nigeria (CBN) notifying it of the… Read more »

Moody’s lowers MTN’s rating outlook to negative on $5.2 bln Nigeria fine

Thu Oct 29, 2015/Reuters Moody’s rating agency changed the outlook on MTN Group’s credit ratings to negative on Thursday, citing the potential impact of a fine by the Nigerian telecoms… Read more »

Stanbic IBTC Says 9-Month Pretax Profit Dip 49%

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Stanbic IBTC Holdings Plc, a member of South Africa’s Standard Bank Group said on Thursday its pretax profit for the period ended September 30, 2015… Read more »

Wema Bank Q3’15 Pretax Profit Down 39.02%

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc said on Thursday its pretax profit for the period ended September 30, 2015 dropped 39.02 percent to N1.528 billion from N2.506… Read more »

Total Nigeria Reports 5% Drop in Q3’ 15 Pretax Profit, Offers N2.00 Interim Dividend

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing major, Total Nigeria Plc said on Thursday its pretax profit for the period ended September 30, 2015 dropped five (5) percent to N4.009… Read more »