Profit taking drags equities market down

The Nigerian Stock Exchange The All Share Index (ASI) of The Nigerian Stock Exchange (NSE) was down -1.00 per cent on back of profit taking by investors. The bourse closed at 38,534.64 basis points against Tuesday’s 38,924.63 and its year-to-date returns to stand at 43.39 per cent. The equities market hits the 39,000 mark last week and attained three More...

by Felix OLOYEDE | Published 6 hours ago
By Felix OLOYEDE On Thursday, December 14th, 2017
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Lafarge names Alode new company secretary

Lafarge Africa Lafarge Africa Plc has appointed Mrs Adewunmi Alode its new company secretary. In a release signed by the company’s group managing director, Michel Puchercos, which was sent to The Nigerian Stock More...

By Okey Onyenweaku On Monday, December 4th, 2017
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Resurgent Equity market signals stronger economic recovery

By OKEY ONYENWEAKU Investors in the Nigerian equity market have every reason to be happy as the year gradually winds down. Those of who invested early in the year and carefully mixed their portfolio based on the More...

By Okey Onyenweaku On Tuesday, November 28th, 2017
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FBN leads the bulls in 2017

…Stanbic IBTC, Flour Mills show strength By OKEY ONYENWEAKU Equity investors are showing signs of increasing optimism as the year comes slowly to a close. The Nigerian Stock Exchange’s All Share Index (ASI) More...

By Okey Onyenweaku On Monday, November 20th, 2017
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GTBank doubles stock value as investors go bullish

By OKEY ONYENWEAKU GT Bank’s share price has doubled in the last one year, leading investors to grin satisfactorily as there gambit on the stock seems to have panned out. The stock’s price has risen from N24.00 More...

By Felix OLOYEDE On Monday, October 23rd, 2017
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Zenith, GTB Q3 results set industry  trends, excite shareholders

By FELIX OLOYEDE Segun Agbaje, GTBank GMD and Peter Amangbo, Zenith MD The prospect of better returns for investors at the end of the year was further reinforced by the financial performance of Zenith Bank and Guarantee More...

By Felix OLOYEDE On Monday, October 23rd, 2017
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How UBA Defied gloom: Grows profits and stock value

By OKEY ONYENWEAKU Kennedy Uzoka, GMD UBA Sweeping past recession troubles, United Bank for Africa (UBA) has grown its third quarter (Q3) 2017 profit by 33.2 per cent, one of the strongest year-on-year earnings More...

By Felix OLOYEDE On Monday, October 23rd, 2017
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Shareholders  divided as Oando’s crisis  escalates

By OKEY ONYENWEAKU Wale Tinubu, MD, Oando Plc Shareholders of local oil marketing consortium, Oando Plc, have been struck by a double dose of trouble. The first signs of a snag started with minority shareholders More...

By Felix OLOYEDE On Thursday, October 19th, 2017
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Growth in interest income, FX push GTBank PAT Up 7.26% in Q3

GTBank MD, Segun Agbaje, Nigeria’s most capitalized commercial lender, Guarantee Trust Bank (GTBank) Plc reported a single digit upswing in its profit-after-tax in the third quarter 2017 financial result, buoyed More...