Investors Bite

NSE: Bulls Sustain Hold 2nd-Consecutive Day, ASI Rise 0.93%

  By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The bulls sustained its grip on the Nigerian Stock Exchange (NSE) for the second consecutive day as all-share index (ASI) rose 0.93 percent to close in green at 28,205.62 points, while market capitalisation grew by N70.52 billion to N9.69 trillion. “Today’s positive close trimmed […]

Union Bank of Nigeria Says 2016 H1 Pretax Profit up 35%

By InvestAdvocate Lagos (INVESTADVOCATE)-Lender, Union Bank of Nigeria Plc (UBN) on Wednesday said its 2016 pretax profit for the first-half (HI) period ended June 30, 2016 climbed up 35 percent to N8.92 billion from N6.61 billion declared a year ago. Similarly, profit after tax (PAT) grew 35.7 percent to N8.76 […]

FBNH H1 2016 Pretax Profit Down 11.9%

July 26, 2016/InvestmentOne Research FBNH’s recently released results Q2 2016 were reflective of the depreciation of the local currency at the interbank market. This contributed to the significant spike in net gains on FX to N51.5bn in Q2 2016 against N1.4bn in Q1 2016. However, it also lead to the […]