Investors Bite Subscribe to Investors Bite

Wema Bank Says 2016 Nine-Month Pretax Profit Down 2.22%

By InvestAdvocate Lagos (INVESTADVOCATE)-Mid-tier lender, Wema Bank Plc said on Friday its pretax profit for the nine-month period ended September 30, 2016 declined 2.22 percent to N1.49 billion from N1.53… Read more »

FBN Capital set to Host Key Government, Business Leaders at Annual Investor Conference

Culled—Proshare October 20, 2016/FBNQuest Research In line with the commitment to provide a platform that will facilitate interaction for identifying sustainable growth opportunities in Nigeria, FBN Capital Limited, the Investment… Read more »

GUARANTY Shares Rated Neutral; Reports Significant Increase in Loan Loss Provisions in Q3’16 Results

Culled—Proshare October 19, 2016/FBNQuest Research Event: GT Bank reports Q3 2016 results Implications: Positive reaction by the market likely Positives: Strong non-interest income of N46.3bn, up +184% y/y Negatives: A… Read more »

Stocks Extend Decline as Investors Reduce Exposure

By Yakubu LAAH InvestAdvocate Lagos INVESTADVOCATE)-Nigerian Stocks on Wednesday extended its decline for the third consecutive session as the all-share index (ASI) dropped by 0.28 percent to close at 27,478.04… Read more »

GTBank Says 2016 Nine Months Profit Up

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Guaranty Trust Bank Plc (GTBank) said on Wednesday its nine months profit for the period ended September 30, 2016 increased 59.6 percent to… Read more »

ExxonMobil to Divest 60% Stake from Mobil Oil

October 19, 2016/NSE Mobil Oil Nigeria Plc has been informed by its majority shareholder, ExxonMobil Oil Corporation that it has agreed, subject to regulatory approvals, to sell its shares representing… Read more »

SEC Says Ruby Gold Ventures id Illegal Operator

October 19, 2016/SEC The attention of the Securities & Exchange Commission has been drawn to an illegal operator in the Capital Market known as RUBY GOLD VENTURES (CRYPTO CURRENCY INVESTMENT)…. Read more »

BRVM Emerges First Stock Market for Islamic Finance in Africa to List Five Sukuks amounting to $1.3 Billion

By InvestAdvocate Lagos (INVESTADVOCATE)-The Regional Stock Exchange (BRVM) on Wednesday said it has admitted in its listing the first five Sukuks issued by Côte d’Ivoire, Senegal and Togo, on the… Read more »

Bearish Run Sustain Hold on NSE, as Losing Streak Persist

By InvestAdvocate Lagos (INVESTADVOCATE)-The bears on Tuesday sustained its hold on the equities market as the Nigerian Stock Exchange (NSE) all-share index (ASI) fell by 0.29 percent to close at… Read more »

Guinness Nigeria Offer Investors Lower Dividend in 2016 Year End

October 17, 2016 By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s foremost brewer, Guinness Nigeria Plc said on Monday proposed a lower dividend payout to shareholders of the company. Guinness offered its investors a… Read more »