Nigerian local conglomerate UACN’s 2012 pre-tax profit rose by 53.6 percent to 10.74 billion naira ($67.89 million), from 6.99 billion naira the previous year, the company said on Thursday. Turnover rose 16.8 percent to 69.63 billion naira, compared with 59.64 billion naira in 2011. UACN, which has interest in […]
Author: InvestAdvocate
Nigeria’s Dangote Cement rises to unprecedented high
Nigerian stocks rose to their highest level in more than three weeks on Thursday, lifted by a 10 percent gain in biggest listed firm Dangote Cement to an unprecedented high, traders said. The Nigerian stock index rose 3.18 percent to 34,504 points, its highest since April 9. Dangote Cement, […]
Nigeria’s First Bank Q1 pretax profit up 29 pct yr-yr
Nigeria’s First Bank Group’s first quarter pretax profit rose by 29 percent year-on-year to 31.41 billion naira ($198.8 million), from 24.36 billion naira in the same period last year, the company said on Thursday. Gross revenues rose to 99.47 billion naira during the period, compared with 87.62 billion naira the […]
