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NSE Opens Week Bearish, ASI Down 0.11%, as Y-t-D Loss Hits 4.35%

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Monday extended its bearish streak for the sixth consecutive day, as the all-share index (ASI) declined 0.11 percent to close at… Read more »

Axa Mansard Says Sahondra Ratovonarivo Exits as Non-Executive Director, Appoints Frederic Coppin

August 5, 2016/NSE We hereby notify the Exchange that at its 67th Board Meeting of AXA Mansard Insurance plc, the Board unanimously approved the following: The resignation of Mrs. Sahondra… Read more »

Axa Mansard Names Ohis Ohiwerei Independent Non-Executive Director

August 5, 2016/NSE We hereby notify the Exchange that the Board of Directors of AXA Mansard Insurance plc has unanimously approved the appointment of Mr. Ohis Ohiwerei as an Independent… Read more »

NSE benchmark index decline 2.09% w/w on weak corporate earnings

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- The Nigerian equities market opened the week on a bearish note, with the benchmark index falling by 2.09 percent week-on-week (w/w) on poor corporate… Read more »

SEC Says CBN Direct Banks to Accept Dividend Warrants into Savings Accounts

August 5, 2016/SEC The Securities and Exchange Commission (SEC) is pleased to notify the investing public that dividend warrants can now be deposited into savings accounts. This follows the directive… Read more »

FX Related Costs Bite Harder On Earnings of Julius Berger Nigeria Plc

Culled—-Proshare August 5, 2016/Vetiva Research FX related charges drag Q2 into loss Weak Q2 bottom-line mutes strong profitability over the quarter FY’16 earnings forecast revised lower following disappointing H1 Valuation… Read more »

Fidelity Bank Q2 2016 Results: Retaining Underperform Rating on Weak Outlook

Culled—-Proshare August 5, 2016/FBNQuest Research Maintaining Underperform rating despite rolling over to 2017E Although Fidelity Bank’s (Fidelity) Q2 2016 PAT beat our forecast by 27%, the positive surprise was solely… Read more »

MAYBAKER Says H1 2016 Pretax Profit up 2.32%

By InvestAdvocate Lagos (INVESTADVOCATE)-Drugmaker, May & Baker Nigeria Plc said its first-half (H1) pretax profit for the period ended June 30, 2016 climbed up marginally 2.32 percent to N44.2 billion… Read more »

LafargeHolcim reports Q2 2016 results

August 5, 2016/LafargeHolcim Pricing and synergies drive improvements in operating margins and earnings Adjusted operating EBITDA margin up 210bps to 23.4% in Q2 Adjusted operating EBITDA up 6% like-for-like in… Read more »

TIGERBRANDS Bounces Back to Profitability, Declares N2.84 Billion PAT in H1 2016

By InvestAdvocate Lagos (INVESTADVOCATE)- Tiger Branded Consumer Goods Plc on Thursday declared a profit after tax (PAT) of N2.84 billion in the first-half (H1) period ended June 30, 2016 compared… Read more »