Market activities so far in the month of April remained impressive on a moderate note as market maintained an uptrend despite the weak bargain optimism witnessed across board. The unimpressive market outlook recorded in the last quarter contributed to the
Today, ACCESS Plc closed with a moderate gain of +3.80%, recording an upper breakout to extend the active gaining streak in the recent weeks with corresponding growing bullish volume as against the general bearish trend observed on the bourse.
Sterling Bank Plc (Sterling) reported a 24% YoY growth in gross earnings to N24.6billion for the 3 months to March 2014. PBT and PAT stood at N3.5billion and N3.1billion, indicating respective YoY growth of 17% and 15%.
Today, RTBRISCOE Plc closed with an impressive gain of +7.50%, recording an upper breakout to extend the moderate gaining streak in the recent sessions with corresponding growing bullish volume as investors displayed strong bargain tendency towards the st
Capital Hotels Plc has notified The Exchange that its Board of Directors is scheduled to meet 3.00 p.m. on Monday, April 28, 2014 at Sheraton Hotel Abuja to deliberate on several matters among which are the consideration and approval of the draft 2013 Aud
Stanbic IBTC Holdings Plc (IBTC) reported 14% YoY growth in gross earnings to N30.2billion for the 3 months to March 2014. PBT and PAT stood at N9 billion and N6.9 billion, indicating respective YoY growth of 89% and 93%. Strong YoY profit growth was unde
MRS Nigeria Plc (MRS) reported 10% YoY growth in revenues to N87.8billion for 12 months ended December 2013 while PBT and PAT tripled and doubled YoY to N1.4billion and N634million respectively underpinned by a fourfold rise in other income to N3.9billion
United Bank for Africa Plc. (UBA) reported 7% YoY growth in gross earnings to N66.2billion for the 3 months to March 2014. PBT stood at N13.5billion, 21% lower YoY, while PAT of N12.6billion represents a 19% YoY decline.
Today, COSTAIN plunged further by -3.4% as investors displayed strong pessimistic postures towards the stock, extending the prolonged sell pressure witnessed in the last 12 weeks to hit below its 15weeks low.
As quoted companies in Nigeria continue to hold their Annual General Meetings, The Nigerian Investor was able to attend the 24th AGM of Guaranty Trust Bank Plc held at Shell Hall Muson Centre, Onikan Lagos.
Today, ACCESS recorded an active bargain tendency to extend its price reversal trend with a strong bullish engulfing pattern, which suggests a significant positive change in market optimism towards the stock.
Revenues decline by c.12.7% y/y. In the full year to December 2013, Okomu Oil posted revenue of N8.86billion, down by 12.7% compared with N10.15billion in 2012. The FY2013 revenue is higher than our estimate of N8.62billion by 2.7%. On a quarterly basis,
The unaudited Q1 result of Vitafoam Nigeria Plc (Vitafoam) for the period ended December 31, 2013 shows that its Turnover (T/O) increased marginally by 1.55% to N4.38bn, compared with N4.31bn recorded in the corresponding period of 2012. The Profit Befor
Today, NEIMETH recorded another moderate loss of -4.30% to extend the downtrend while investors sustained strong negative sentiment towards the stock to close among the set of bearish stocks despite improved optimistic trading observed on the bourse.
The Exchange wishes to advise its stakeholders that there is a lacuna in its current rule on pricing methodology. The relevant rule, Article 100, does not set forth a pricing methodology for determining the price movement where a new security is priced ab
PZ Cussons Nigeria Plc (PZ), released its Q3'14 ( June - February) result to the Nigerian Stock Exchange (NSE) today, the company recorded a 33% rise in EPS to N0.97 from N0.73 (or N0.97 on annualised basis) in Q3'13. in the corresponding period of 2013.
It is my pleasure to welcome you all to this historical Facts Behind the Listing of Seplat Petroleum Development Company Plc, after a highly successful Initial Public Offering. On behalf of the Council, Management and Staff of The Nigerian Stock Exchange,
The change in dividend payment is to be interpreted as a signal to shareholders and investors about the future earnings prospects of the firm. Generally a rise in dividend payment is viewed as a positive signal, conveying positive information about a firm
The Company (Anino International Plc) has notified The Exchange of its Annual General Meeting scheduled to hold at 21b Kofo Abayomi Street, Victoria Island, Lagos on Monday, the 29th of April, 2014 at 11am. Prompt to transact the following Ordinary and Sp
CALGARY, April 9, 2014 /PRNewswire/ -- Oando Energy Resources Inc. ("Oando Energy Resources" or the "Company") (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced that, further to its press release dated Jan
We foresee a less speculative trading with a strong chance of consistent and moderate bargain outlook in the Consumer and Industrial Goods sectors which appeared to be the nest of defensive stocks and safe haven for long term investors. The poor performan
Sales revenue improves by 8.0% y/y. In its full year 2013 audited results, Unilever Nigeria reported revenue of N60.00billion, i.e. an increase of 8.0% compared with N55.55billion in 2012. The sales revenue recorded in the period is below our estimates o
Today, Forte Oil Plc closed with a impressive gain of +10.20%, recording an upper breakout to extend the active gaining streak in the recent week with corresponding bullish volume as against the general unstable trend observed on the Nigerian bourse.
Slower topline accretion in Q4 depresses revenue run rate... UACN recently released its FY'13 results, posting a 13% YoY rise in its revenue figure to N78.7 billion, which is almost at par with our estimate of N78.8 billion. In Q4'13 the company recorded
Stanbic-IBTC during its analyst presentation session held today, revealed its strong focus on cost efficiency and operational performance as the key to its strengthened capital ratios and returns for shareholders and investors in the coming financial year
Today, the shares of DANGSUGAR gapped up, recording a break-away rally within the band to lead market performance with 7.50% gain as money inflow index surged to reflect a sustained reversal trend commenced yesterday.
Today, WEMA BANK Plc recorded moderate gain of +4.2% with a strong bullish pattern, indicating active bargain appetite from both investors and shareholders. The stock witnessed growing bargain trading today amid low volume, indicating hold posture of both