By InvestAdvocateLagos (INVESTADVOCATE)-Brewing giant, Nigerian Breweries Plc said on Friday its half-year post tax profit climbed up to N23.871 billion up 15.5 percent from N20.663 billion in the same period of 2013. Similarly, pretax profit grew 14.4 percent to N33.882 billion in the half-year of 2014 from N29.607 billion in […]
Author: InvestAdvocate
NSE All-Share Index Up 0.14 Percent to Close Week
By Yakubu LAAH InvestAdvocateLagos (INVESTADVOCATE)-The Nigerian stock exchange (NSE) all-share index (ASI) and market capitalisation both inched up by 0.14 percent to close higher on Friday at 42,891.82 and N14.163 trillion respectively, according to the NSE’s weekly stock market report. Similarly, all the NSE sector indices appreciated during the week […]
Fitch Rates Nigeria’s Seven Energy ‘B-(EXP)’; Proposed Notes ‘B-(EXP)’
(The following statement was released by Fitch Ratings July 18 2014) Fitch Ratings has assigned Seven Energy International Limited (Seven Energy) an expected Long-term Issuer Default Rating (IDR) of ‘B-(EXP)’ with a Stable Outlook. The expected IDR takes into account a USD255m equity placement and assumes a successful issue of […]