Author: InvestAdvocate

PMorgan earns $4.8 billion in 2nd quarter

  JPMorgan earns $4.8 billion in second quarter as loan losses drop shaprly         Stevenson Jacobs, AP Business Writer, On Thursday July 15, 2010, 10:18 am EDT NEW YORK (AP) — JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion […]

CBN makes U-turn on new guidelines

  Jul 15, 2010 By Babajide Komolafe   Abuja — The Central Bank of Nigeria, CBN, has backpedalled on its directive that banks should disclose executive compensation and bonuses in their annual accounts.The apex bank, last week, issued a new  prudential guidelines  which replaced the one issued in May which […]

Analysts warn against continued defense of the naira

  Jul 14, 2010 By Babajide Komolafe   Continuous defense of the naira by the Central Bank of Nigeria (CBN) could lead to faster depletion of the nation’s foreign reserves, say analysts at the Financial Derivative Company Limited.“CBN’s commitment of supporting the Naira at any cost is having the undesired […]