Investors Bite

MTN to list on Nigerian stock exchange in 2017

28/7/2016/The Cable MTN Nigeria will list its shares on the Nigerian Stock Exchange in 2017, the telecoms giant said on Thursday. Stanbic IBTC Capital Limited (together with its affiliates, The Standard Bank of South Africa Limited and Standard Advisory London Limited) and Citigroup Global Markets Limited have been appointed as the joint transaction […]

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 […]