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ZENITHBANK Impressive Q3-18 Result, with Boost from Tax Credit

October 18, 2018/Cordros Report ZENITHBANK just published September 2018 results, with EPS growth of 16% y/y and 80% q/q to NGN1.99 in Q3-18. In the 9 months of the year,… Read more »

Zenith Bank Says Q3 2018 Pretax Profit Up 9.67% to N177.3 Billion

October 18, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender Zenith Bank Plc on Thursday said its pretax profit for the third quarter (Q3) period ended September 30, 2018 grew… Read more »

Intraday Update: Nigerian stocks Up +1.23%, Driven by Gains in Industrial, Banking Sectors

October 18, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks midday Thursday is up +1.23 percent on gains in Banking and Industrial Goods sectors. InvestmentOne reports that market movers are cement producers,… Read more »

UBA Q3 2018 Results – PAT at N61.70b As Non-interest Income Grew by 25% YoY

Culled—Proshare 17/10/2018/NSE with additional comments from FBNQuest Research United Bank for Africa (UBA) released Q3 ‘2018 results this morning. See below the results and initial view. Source: NSE CLICK HERE… Read more »

PMA Rates Clear Higher Amid Tighter System Liquidity

Culled—Proshare 17/10/2018 ***Senate Approves Issuance of $2.786bn Eurobond for 2018 Budget Funding*** KEY INDICATORS Indicator Value Commentary Inflation 11.23% As at September14, 2018,9bps up from 11.14% recorded in July 2018…. Read more »

AfDB to Invest the Naira Equivalent of $10 Million into the Chapel Hill Denham Nigeria Infrastructure Debt Fund

October 18, 2018/AfDB The Board of Directors of the African Development Bank Group has approved a Naira investment equivalent to US$ 10 million in Chapel Hill Denham Nigeria Infrastructure Debt… Read more »

NSEASI Down -0.87% as Bellwether Counters Reverse Gains

October 17, 2018 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Wednesday closed the third trading session of the week negative, losing 0.87 percent to 32,437.35 basis points… Read more »

GTBank Says Q3 2018 Post-Tax Profit Up 13.3% to N142.2 Billion

October 17, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Guaranty Trust Bank Plc (GTBank) said on Wednesday its post-tax  profit for the third quarter (Q3) period ended September 30,… Read more »

Investors to Explore $82 Million Business Opportunities at the First Nutrition Investor Forum in Africa

October 17, 2018/AIF Leading business leaders, policy makers and prominent development campaigners joined over 200 delegates to launch the first ever Nutrition Africa Investor Forum ( in Nairobi, Kenya. High-level representatives from… Read more »

Lafarge Africa Q3 2018 Results – Revenue Grows By 4.8% To N234.3bn

Culled—Proshare October 17, 2018/NSE Lafarge Africa Plc released its report this morning, recording a net sales of N234 billion for the nine month period and N72 billion for Q3 ‘2018; an… Read more »