Author Archives: InvestAdvocate

Nigerian Equities Sustain Bearish Trend, Sheds -0.35% on Sell-Offs Across Sectors

March 20, 2018/InvestmentOne Research The Nigerian equities market continued its bearish trend, shedding 0.35% in today’s trading session. Market breadth index ended negative with 16 stocks gaining against 31 stocks… Read more »

Stellar Ratios for External Debt

Culled—Proshare March 20, 2018/FBNQuest Research The FGN’s external debt obligations at end-December amounted to US$18.91bn, equivalent to 5.1% of 2017 GDP. This includes the external borrowings of the state governments,… Read more »

Octopus: Heritage Bank attains ISO 27001 Information Security Management Certification

March 20, 2018/Heritage Bank Ltd Heritage Bank Plc, Nigeria’s most innovative banking service provider, has achieved the Information Security Management Certification from International Standards Organisation (ISO). This certification also known… Read more »

Stanbic IBTC Holdings Q4 2017 Results Review: Downgrading to Underperform

Culled—Proshare March 20, 2018/FBNQuest Research 8-10% cut to our 2018-19E EPS and price target Stanbic IBTC Holdings’ (Stanbic) Q4 2017 PBT missed our forecast by 22% largely due to negative… Read more »

Diamond Bank Hosts Nigeria’s Largest Beauty Products Event-Beauty Souk

March 20, 2018/Diamond Bank Plc Cosmetologists, makeup artistes, beauticians, beauty bloggers & buyers were recently hosted in Lagos to the biggest beauty products and services fair. Titled The Beauty Souk,… Read more »

Intraday Update: NSEASI Continues Decline, Dips -0.03% on Sell-Offs in Industrial, Consumer Goods Names

March 20, 2018/InvestmentOne Report ASI as at 12.00pm: -0.03%. Market movers: CADBURY (-9.39%), WAPCO (-5.00%), UNITYBNK (+6.50%), FBNH (+4.27%). Sector Performances: Industrial (-2.01%), Consumer Goods (-0.44%), Banking (+0.38%), Oil &… Read more »

Promasidor Nigeria Celebrates 254 Employees

March 20, 2018/Promasidor Nigeria Promasidor Nigeria Limited, makers of Cowbell Milk, Top Tea, Onga and other quality products, at the weekend, honoured 254 of its employees who have put in… Read more »

Facebook’s value plunges $37 billion on data controversy

March 20, 2018/CNNMoney by Chris Isidore   @CNNMoney Facebook shares took a big hit Monday, shaving about $37 billion off the value of the company. The stock tumbled about 7%… Read more »

Kenya’s Central Bank Cuts Key Rate to Lowest in Three Years

19/3/2018/Bloomberg By Adelaide Changole MPC reduced its benchmark interest rate to 9.5% from 10% Well-anchored inflation allows scope to support growth: MPC Kenyan economic policy makers cut the central bank’s… Read more »

GSK Nigeria to pay N8.97b special dividend to shareholders

March 20, 2018/The Nation Taofik Salako GlaxoSmithKline Consumer Nigeria (GSK) Plc will distribute a total of N8.97 billion as dividend to shareholders for the 2017 business year. The board of… Read more »