Investors Bite

Diamond Bank 2015 Profit Drops 77.8% to N5.66 Billion

By InvestAdvocate Lagos (INVESTADVOCATE)-Diamond Bank Plc said on Wednesday its profit after tax (PAT) for the period ended December 31, 2015 dropped 77.8 percent to N5.66 billion from N25.48 billion posted a year earlier. Similarly, profit before tax (PBT) of the Bank declined 74.8 percent to N7.09 billion from N28.10 […]

AG Leventis (Nigeria) Enters into Joint Venture Agreement with Pick N Pay

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s leading congloromate in several industries, AG Leventis (Nigeria) Plc said on Tuesday it has entered into a joint venture agreement with South African Pick N Pay Retailers Limited. “The indicative scope of services by the new company to be formed pursuant to the joint […]

FBNH PAT Declines 8.3% in Q1’16

By InvestAdvocate Lagos (INVESTADVOCATE)-Financial HoldCo, FBN Holdings Plc on Tuesday said its profit after tax (PAT) for the period ended March 31, 2016 dropped 8.3 percent to N20.72 billion from N22.60 billion recorded a year ago. Similarly, pretax for the period declined 18.2 percent to N22.05 billion from N26.94 billion […]