Investors Bite

Update:SEC Extends e-Dividend Registration by 150 Days

14/4/2016/SEC (Paragraph 5 corrected 400 percent not 4000 percent) The Securities and Exchange Commission (SEC) is extending the deadline for free e-Dividend registration in the country by 150 days. This was disclosed by Director General of SEC, Mounir Gwarzo at the Post First Quarter Capital Market Committee Meeting Press briefing […]

ETI Says 2015 Pretax Profit Down 53%, Offers 40 Kobo Dividend

  By InvestAdvocate Lagos (INVESTADVOCATE)- Pan-African lender, Ecobank Transnational Incorporated (ETI) said on Wednesday its pretax profit for the period ended December 31, 2015 went down 53 percent to N40.589 billion from N86.441 billion recorded a year earlier. Similarly, profit after tax (PAT) declined 68 percent to N21.252 billion from […]

ASHAKACEM Says Lafarge Africa Receives SEC Approval on Tender Offer

By InvestAdvocate Lagos (INVESTADVOCATE)-Cement producer, Ashaka Cement Plc (ASHAKACEM) said on Wednesday that Lafarge Africa Plc has received the approval of the Securities and Exchange Commission (SEC) to proceed with the Tender for the entire 392,864,273 ordinary shares held by minority shareholders which represents 17.54 percent of the issued share […]