Investors Bite Subscribe to Investors Bite

Fidelity Bank MD Advises Investors to Take Advantage of Stock Prices

Sept 7, 2016/CAMCAN The Managing Director of Fidelity Bank, Mr. Nnamdi Okonkwo, has urged  investors to take advantage of the current  low prices of stocks, saying that  it is the… Read more »

SEC Inaugurates E-Dividend Champions for Banks, Registrars

Sept 7, 2016/SEC The Securities and Exchange Commission has today inaugurated the e- dividend champions for banks and registrars at its Lagos Zonal office. The event was culminated with a… Read more »

Nigerian Equities Rally, Halts 3-Day Losing Streak, ASI Advance 0.07%

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities on Wednesday rallied to halt a three day losing streak, as the all share index (ASI) advanced the market 0.07 percent to close at… Read more »

Lafarge Africa to list 413.2m acquisition shares

7/9/2016/ The Nation The Nigerian Stock Exchange (NSE) has approved the listing of scheme shares from Lafarge Africa’s acquisition of the remaining 50 per cent equity stake in United Cement… Read more »

Union Dicon, Delta State Partners on Cassava Cultivation

Sept 7, 2016/NSE As Delta state seeks to diversify its economy, Governor Ifeanyi Okowa has disclosed that the agricultural sector would engender growth, stimulate the economy and create employment for… Read more »

NSE’s Sentiment Remains Downbeat, ASI Declines 0.73%

By InvestAdvocate Lagos (INVESTADVOCATE)-Sentiments on Tuesday remained downbeat in the Nigerian equities market, with the benchmark index declining by 0.73 percent to close 27,503.81 points. “Today’s downtrend tilted the Month-to-Date… Read more »

NSE Says Total Transaction in July 2016 Drops 42.13% to N90.19 Billion

Sept 6, 2016/NSE On a monthly basis, The Nigerian Stock Exchange polls trading figures from major custodians and market operators on their foreign portfolio investments (FPI). The table below shows… Read more »

FBN Holdings Plc Q2 2016 Earnings Review

Sept 6, 2016/InvestmentOne Research Downgrade to a SELL despite +64.9% increase in PBT forecast on FX gains. Following FBNH’s Q2 2016 results which showed a +8.1% q/q improvement in PBT,… Read more »

UBA confirms 25% subsidiaries’ contribution to profit

6/9/2016/Punch Stanley Opara The Group Managing Director/ CEO, United Bank for Africa, Mr. Kennedy Uzoka, has said the banks African subsidiaries contributed 25 per cent of the group’s profit and… Read more »

UBA Records Strong YTD Performance; Shares Still Cheap

Sept 01, 2016/FBNQuest Research Limited changes to estimates, price target On the back of UBA’s Q2 2016 results, we have raised our 2016E earnings forecasts substantially to reflect the fx-related… Read more »