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Dangote to sell N200b shares in block divestment

August 16, 2017/The Nation Taofik Salako Dangote Industries Limited (DIL), the majority core investor in Dangote Cement Plc, plans to sell shares valued at more than N200 billion in a… Read more »

GTBank Q2 2017 Results: Key Highlights

August 16, 2017/InvestmentOne Research Please find key highlights of the Q2 2017 results below: ·         Net interest income of N63.4bn, down -4.1% q/q; up +65.5% y/y ·         Profit before tax… Read more »

Nigerian stocks down to almost two-week low

15/8/2017/Reuters Nigerian stocks fell on Tuesday to a near two-week low, dragged down by losses in banking, cement and fast moving consumer good sectors, as some investors took profits from… Read more »

GTBank First Glance: Despite 52.85 y/y Decline in NIR, EPS Rose 13.73% y/y in H1-2017

August 16, 2017/Cordros Research Guaranty Trust Bank Plc (GUARANTY) this afternoon released H1-2017 results, wherein gross earnings grew marginally by 2.01% y/y, supported by a surge in interest income (+51.11%… Read more »

Nigerian Stocks Shed 2.25%, Dragged by Sell-off on Tickers across Sectors

August 15, 2017/InvestmentOne Research Please click to download the Market Report for Tuesday 15th August 2017 EQUITIES: Another day of bearish close as the All Share Index shed -2.25% dragged by sell-off… Read more »

GTBank 2017 H1 Pretax Profit up 18%, Offers Investors 30 Kobo Interim Dividend

August 15, 2017 By InvestAdvocate Click here to download full PDF Copy of Guaranty Trust Bank Plc H1 2017 Report Lagos (INVESTADVOCATE)-Nigeria’s dual listed lender, Guaranty Trust Bank Plc (GTBank)… Read more »

Forte Oil Plc – Strong Start to 2017, PBT Rises by 11% YoY

Culled—Proshare August 15, 2017/CardinalStone Research Following the release of H1’17 results, we spoke with management to understand the key drivers of its performance, and its outlook for the rest of… Read more »

Zenith Bank Q2 2017 Results Review: Retaining Outperform After Strong Q2 Results

Culled—Proshare August 15, 2017/FBNQuest Research Maintaining Outperform rating following 37% increase to our PT Zenith Bank’s (Zenith) Q2 2017 PBT surprised positively due to strong y/y growth in non-interest income… Read more »

UAC of Nigeria Plc – The Fly in FMCG Ointment?

Culled—-Proshare August 15, 2017/ARM Research Despite the bull run across naira equities, which supported strong rally in the FMCG space (YTD, Food: 45%, HPC: +45%, Brewers: +30%), the share price… Read more »

Intraday Update: NSEASI Likely to Close Red on Profit-Taking

August 15, 2017/InvestmentOne Research ASI as at 12.00pm: -0.55% Market movers: MORISON (-8.16%), CHAMPION (-4.82%), GOLDBREW (+4.71%), CONOIL (+3.99%) Sector Performances: Banking (-1.09%), Consumer (-0.61%),Oil & Gas (-0.15%) Industrial Market… Read more »