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SEC Proposes New Rules for Green Bond, BVN as Valid ID in the Capital Market

October 19, 2018/SEC Summary Of Changes New rule (1) Rules on Green Bonds   Sundry Amendments (1) Inclusion of BVN as a valid means of identification of individual clients in the… Read more »

ALERT: SEC Says Online Retail Forex Trading Unregulated

October 19, 2018/SEC The attention of the Securities and Exchange Commission (SEC) has been drawn to the increased advertisements in electronic and other media soliciting investors to engage in leveraged… Read more »

Lafarge Africa Plc; Journey to Profit in 2019 – More Ground to Cover!

October 19, 2018/Cordros Report LAFARGE published 9M-18 results this week, with higher-than-expected after tax loss in Q3-18. We have increased our loss after tax estimate for 2018E to NGN9.12 billion… Read more »

T-bills Market Trends Bearish as CBN Hikes OMO Rate

Culled—Proshare 18/10/2018/NSE ***Oil Traders Consider Nigerian Proposal to Prolong Fuels Swap*** KEY INDICATORS Indicator Value Commentary Inflation 11.28% As at October16, 2018,5bps up from 11.23% recorded in August 2018. MPR… Read more »

Nigerian Stocks Rebound by +0.70% on Gains in Dangote Cement

October 18, 2018 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday closed the fourth trading session of the week positive, appreciating +0.70 percent to 32,664.63 basis points compared… Read more »

Lafarge Africa Q3 2018 Initial Impression: Finance Cost Continues to Weaken Profit Performance

October 18, 2018/InvestmentOne Report §  Mixed Turnover:  down 11.81% q/q, up 4.62% y/y §  Mixed Opex/sales ratio: up 651 bps q/q, down 18 bps y/y. §  Mixed gross margin performance:… Read more »

ZENITHBANK Impressive Q3-18 Result, with Boost from Tax Credit

October 18, 2018/Cordros Report ZENITHBANK just published September 2018 results, with EPS growth of 16% y/y and 80% q/q to NGN1.99 in Q3-18. In the 9 months of the year,… Read more »

Zenith Bank Says Q3 2018 Pretax Profit Up 9.67% to N177.3 Billion

October 18, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender Zenith Bank Plc on Thursday said its pretax profit for the third quarter (Q3) period ended September 30, 2018 grew… Read more »

Intraday Update: Nigerian stocks Up +1.23%, Driven by Gains in Industrial, Banking Sectors

October 18, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks midday Thursday is up +1.23 percent on gains in Banking and Industrial Goods sectors. InvestmentOne reports that market movers are cement producers,… Read more »

UBA Q3 2018 Results – PAT at N61.70b As Non-interest Income Grew by 25% YoY

Culled—Proshare 17/10/2018/NSE with additional comments from FBNQuest Research United Bank for Africa (UBA) released Q3 ‘2018 results this morning. See below the results and initial view. Source: NSE CLICK HERE… Read more »