Investors Bite

Ashaka Cement Plc tender offer opens

11/5/2016/CardinalStone Research Culled—–Proshare Lafarge Africa Plc has announced the commencement of the tender offer for Ashaka Cement Plc which opens today, Wednesday, May 11th, 2016 and will close on Friday, June 10th, 2016. According to the terms of the offer, the exchange ratio will be 202 ordinary shares of Ashaka […]

Wema Bank Q1’16 Profit Drops 17.9% to N429.5 Million

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Wema Bank Plc on Wednesday said its profit after tax (PAT) for the period ended March 31, 2016 declined -17.9 percent to N429.53 million from N522.99 million declared a year ago. Similarly, profit before tax (PBT) depreciated -17.9 percent to N505.32 million from N615.28 […]