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Mobil Oil Nigeria Q3 2016

  November 25, 2016/Cowry Asset Research Mobil Oil Nigeria Plc recorded a solid year-on-year financial performance despite economic headwinds which include an economic recession, scarce foreign exchange and rising inflation…. Read more »

FCMB Q3 2016 Profit up 30.6%

By InvestAdvocate Lagos (INVESTADVOCATE)- FCMB Group Plc said on Thursday its nine-months profit after tax (PAT) for the period ended September 30, 2016 rose 30.6 percent to N12.98 billion from… Read more »

Stocks Reverses Rally on Weakened Investor Confidence

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Thursday reversed the rebound of the previous session, with the all-share index (ASI) falling by 0.10 percent to close at 25,490.70 points. “Thursday’s negative… Read more »

Lafarge Africa Q3 2016 Results Review – Retaining Outperform Rating on Marked Sell-off

Culled—Proshare November 24, 2016/FBNQuest Research Material cuts to our EPS fcst’s & PT on negative cost outlook Although Lafarge Africa’s (Lafarge) Q3 2016 results showed that its pre-tax loss was… Read more »

SEC takes step at improving financial literacy…… Launches capital market journal

November 24, 2016/SEC The Securities and Exchange Commission is set to improve the financial literacy of Nigerians as poor financial literacy has been identified as one of the factors responsible… Read more »

NSE Halts 8-Day Losing Streak, Rebounds 0.22%

November 23, 2016/Cowry Asset Research The overall equities market performance measures, NSE ASI and market capitalization, both rebounded by 21.9 bps. Elsewhere, NIBOR moved in mixed directions across the tenor… Read more »

Nigeria’s Skye Bank may sell subsidiaries to boost capital

22/11/2016/Reuters By Chijioke Ohuocha | LAGOS Nigeria’s Skye Bank may sell some or all of its local and foreign subsidiaries as part of a review aimed at streamlining operations and… Read more »

Nigeria Union Bank to seek approval for 50 bln naira share sale

November 22, 2016/Reuters Nigeria’s Union Bank plans to seek shareholder approval next month to raise 50 billion naira ($158.7 million) through a share sale to existing investors, the bank said… Read more »

Dangote Sugar Refinery Q3 2016 Results Review – Rising Costs Impeding Growth

Culled—Proshare November 22, 2016/FBNQuest Research Price target cut by 13% to N5.3; 2016/17E EPS ests. cut by 9% Dangote Sugar Refinery’s (DSR) Q3 2016 earnings declined -11% y/y and were… Read more »

Nigerian Breweries is Maintaining Underperform Rating on Weak Q3 2016 Results

Culled—Proshare November 22, 2016/FBNQuest Research PT unchanged despite 7% average cut to our EPS forecasts Following Nigerian Breweries’ (NB) Q3 2016 results which surprised negatively, we have cut our EPS… Read more »