Investors Bite

Best and Worst Performing Markets in Africa

Culled—-Proshare August 4, 2016/TheAnalyst Investors continued to scramble for profits as a way of reducing exposure on the Nigerian bourse, following impressive rally of 16.69% in Q2’16, which puts H1 performance at +3.34% gain. The YTD loss so far in the New Month of August stands at -3.33% after bearish […]

Nestle Nigeria H1 2016 Profit Drops -94%

By InvestAdvocate Lagos (INVESTADVOCATE)-Food and beverage producer, Nestle Nigeria Plc on Thursday said its profit for the year declined 94 percent to N536 million in its first-half (H1) period ended June 30, 2016 compared to N8.88 billion a year ago. Similarly, pretax profit for the food and beverage company dipped […]