Investors Bite

PZ Cussons Nigeria Names Dahiru Muhammad Non-Executive Director

By InvestAdvocate Lagos (INVESTADVOCATE)-Soap and detergent producer, PZ Cussons Nigeria Plc on Monday said its board of directors has appointed Mallam Dahiru Muhammad as a non –executive director with effect from 12 May, 2016. According to the company, Muhammad was born in 1947 in Yola , Adamawa state and attended […]

OANDO Says to acquire OER Minority Shares for a Consideration of $1.20 per share in Cash

13/5/2016/Oando Plc Oando Energy Resources Inc. (“OER” or the “Corporation”) (TSX: OER) today announced the closing of its going private arrangement transaction, pursuant to which Oando E&P Holdings Limited (the “Purchaser”), a private company incorporated under the laws of the Province of British Columbia as a wholly-owned subsidiary of Oando […]

Unity Bank Says 2015 Pretax Profit Down 82.8%

  By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Unity Bank Plc on Thursday reported its pretax profit for the period ended December 31, 2015 declined 82.8 percent to N2.34 billion from N13.63 billion recorded a year ago. Similarly, profit after tax (PAT) dropped 56.1 percent to N4.68 billion from […]