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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… Read more »

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… Read more »

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… Read more »

Why Investors Should Expect a Contained Earning from Skye Bank

24/4/2016/Proshare The sustained fall in price of banking stocks continues to reflect investors sentiments (fear) towards the sub-sector, as central-bank and government reform policies which for years lifted asset prices,… Read more »

Transcorp Adds 1.936 Billion Ordinary Shares to NSE’s Daily Official List

By InvestAdvocate Lagos (INVESTADVOCATE)- Nigeria’s top tier conglomerate, Transnational Corporation of Nigeria Plc on Friday said a total of 1,936,049,872 ordinary shares were added to its existing shares on  the… Read more »

LafargeHolcim Names Beat Hess to Succeed Wolfgang Reitzle as Chairman, Announces May 12 AGM

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- World’s building materials and cement producers, LafargeHolcim on Friday named Beat Hess to succeed Wolfgang Reitzle as chairman of the company. Also,  the board… Read more »

Update:SEC Extends e-Dividend Registration by 150 Days

14/4/2016/SEC (Paragraph 5 corrected 400 percent not 4000 percent) The Securities and Exchange Commission (SEC) is extending the deadline for free e-Dividend registration in the country by 150 days. This… Read more »

ETI Says 2015 Pretax Profit Down 53%, Offers 40 Kobo Dividend

  By InvestAdvocate Lagos (INVESTADVOCATE)- Pan-African lender, Ecobank Transnational Incorporated (ETI) said on Wednesday its pretax profit for the period ended December 31, 2015 went down 53 percent to N40.589… Read more »

ASHAKACEM Says Lafarge Africa Receives SEC Approval on Tender Offer

By InvestAdvocate Lagos (INVESTADVOCATE)-Cement producer, Ashaka Cement Plc (ASHAKACEM) said on Wednesday that Lafarge Africa Plc has received the approval of the Securities and Exchange Commission (SEC) to proceed with… Read more »

Linkage Assurance Affirms Default in Filing 2015 Returns

By InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, Linkage Assurance on Tuesday said it has defaulted in filing its 2015 annual accounts and reports to the Nigerian Stock Exchange (NSE) due March 31, 2015…. Read more »