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
Skye Bank Plc (SKYEBANK), released its FY'13 results on the Nigerian Stock Exchange (NSE) today, reporting a 27% increase in EPS to N1.21. The Board of Directors has proposed a dividend of 30kobo per share (dividend yield of 8.3%).Please find our initial
Our views on the results: Skye's results are broadly in line with our expectations up to the PBT line. A tax rebate in Q4-13, however, resulted in an effective tax rate, which was relatively low at 6% vs. our expectation of 20%. Accordingly, reported EPS
The delay in earnings report by any quoted company is usually a pointer to unknown distress, in which investors should be well guided against if it is becoming a tradition i.e. forming an ugly pattern, just as in the case of FIRST BANK HOLDING Plc.
Access Bank Plc (ACCESS), released its FY'13 results on the Nigerian Stock Exchange (NSE) today, reporting an 8% decline in EPS to N1.59 (EPS from continuing operations - N1.64). The bank also announced a dividend of N0.35 (dividend yield of 4.5%) and int
LAGOS, NIGERIA April 7, 2014 WEMA Bank Plc, has announced its Full Year Audited results for the twelve month period ended December 31, 2013. Wema Bank Plc continues to reaffirm its position as one of Nigeria's brightest prospects in the financial serv
Stanbic IBTC Stockbrokers Limited led the top 10 stockbroking on the Nigerian bourse for the first quarter ended March 31, 2014. While the top 10 broking firms accounted for 61.2 per cent of the value of transactions in Q1, Stanbic IBTC dominated with 16
Going by the 'just N0.10kobo' dividend declared by Stanbic-IBTC Holdings Plc yesterday, investors' sentiments may turn negative towards the stock in near term due to unimpressive dividend yield of 0.49%, which happened to be the lowest so far in the banki
Oando PLC Announces Completion of Sale of East Horizon Gas Company to Seven Energy International Limited Oando PLC has announced that it has completed the sale of the entire issued share capital of one of its wholly owned subsidiaries, East Horizon Gas Co
Computer Warehosue Group Plc has notified The Nigerian Stock Exchange that the company's Board of Directors is scheduled to meet on Thursday, 17th April, 2014 at Block 54, Plot 10, off Rufus Giwa Street, off Adebayo Doherty Road, Lekki Phase 1, Lagos at 1
Today, FIDELITY BANK Plc plunged considerably, recording -9.80% loss to reverse the renewed moderate bargain posture observed recently as both investors and shareholders displayed strong pessimistic trading postures towards the stock.