Author: InvestAdvocate

ZENITHBANK, GUARANTY Drive Nigerian Stocks Up +0.7%

April 8, 2021/Cordros Report EQUITIES Trading at the domestic equities market turned positive today, as buying interest in tier 1 banks – ZENITHBANK (+3.8%) and GUARANTY (+2.7%), pushed the All-Share Index higher by 0.7% to 38,799.83 points. Accordingly, Month-to-Date and Year-to-Date losses moderated to -0.6% and -3.7%, respectively. The total […]

FBNH Q4/FY 2020: Gains in Investment Securities and Income from Divestment Support Earnings

April 8, 2021/InvestmentOne Report ·         Net interest income of N58.88billion, down 4.20%q/q , 22.59%y/y       ·         Non-interest income of N52.56billion, up 0.21%q/q, down 12.53%y/y. ·         Profit before tax of N20.39billion, down 6.89%q/q, 2.05% y/y. ·         Profit after tax of N21.24billion, up 13.50%y/y, 12.97%y/y. Weak NII and Higher OPEX Drag Earnings […]

SEC warns on proliferation of Unregistered Online Platforms

April 8, 2021/SEC Nigeria The Securities and Exchange Commission has warned the investing public on the proliferation of unregistered online investment and trading platforms facilitating access to trading in securities listed in foreign markets. This was contained in a circular to Capital Market Operators issued by the Management of the […]