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Bears Sustain Hold on Nigerian Bourse; Stocks Close Lower 1.10% WoW

By InvestAdvocate Lagos (INVESTADVOCATE)-The bears on Friday sustained its hold on the Nigerian Stock Exchange (NSE) as the All-Share Index (ASI) and Market Capitalisation depreciated by 1.10 percent to close… Read more »

Dangote Sugar Refinery Plc: Q3-16 PAT Suffers Cost Pressure

October 28, 2016/Cordros Research DANGSUGAR released results for nine months and third quarter ended September 2016. The key features of the third quarter result are (1) robust y/y and q/q… Read more »

Access Bank Grows Q3 Profit to N72bn

October 28, 2016/Access Bank Plc Access Bank Plc has announced an impressive profit of N72 billion for the nine months ended 30 September 2016 based on enhanced business efficiency as… Read more »

Investors Laud Conoil’s N2billion Dividend Payout in Recession

October 28, 2016/Conoil Plc Shareholders of Conoil Plc have applauded the company’s strong financial performance despite the difficult operating environment in the country. Speaking at the company’s annual general meeting… Read more »

Diamond Bank Says HI’ 16 Pretax Profit Drops by 79.1%

By InvestAdvocate Lagos (INVESTADVOCATE)-Mid tier lender, Diamond Bank Plc on Friday said its pretax profit for the period ended September 30, 2016 declined 79.1 percent to N3.89 billion from N18.59… Read more »

Sterling Bank’s Nine-Month 2016 Pretax Profit Down 26.9%

By InvestAdvocate Lagos (INVESTADVOCATE)-Mid-tier lender, Sterling Bank Plc on Friday said its pretax profit for the period ended September 30, 2016 declined 26.9 percent to N6.07 billion from N8.30 billion… Read more »

Seplat Reports N24.08 Billion Nine-Months 2016 Loss after Tax

By InvestAdvocate Lagos (INVESTADVOCATE)-First dual listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc on Thursday reported a loss after tax (LAT) of N24.08 billion for the… Read more »

NSE Gets SEC’s Approval to New Rules for Filing of Accounts, Treatment of Default Filing

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) said on Friday it has secured the approval of the Securities and Exchange Commission (SEC) on the Rules for Filing of Accounts… Read more »

Dangote Cement Plc PBT Declines by 38% YoY Due to Gross Margin Contraction and Spike in OPEX

Culled—Proshare October 28, 2016/FBNQuest Research Event: Dangote Cement reports Q3 2016 results Implications: Likely upward revisions to consensus 2016 PAT forecast Positives: PAT grew 147% y/y driven by OCI gains… Read more »

Nigerian Breweries Plc Net Interest Expense Declined by 23% YoY

Culled—Proshare October 28, 2016/FBNQuest Research Event: Nigerian Breweries reports Q3 2016 results Implications: Likely downward revisions to consensus 2016 PBT forecast Positives: Net interest expense declined by -23% y/y Negatives:… Read more »

 

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