Oando Plc raised N55.2bn in its recently concluded rights issue. A statement from Oando on Monday noted that the company recorded an over subscription as it had issued 4.548 billion shares to existing shareholders at N12 per share between December 2012 and February 2013 with the intention of raising N54.6bn. […]
Author: InvestAdvocate
UBA Capital’s Q1 profit rises to N617bn
UBA Capital Plc has reported a profit before tax of N617bn for the first quarter ended March 31, 2013. The company’s profit, which stood at N198bn in March 2012, rose by N419bn or 211 per cent to N617bn in the period under consideration. Its result released to the Nigerian Stock […]
MPC May Maintain Tight Monetary Stance on Crude Oil Volatility
There are strong indications that the Central Bank of Nigeria’s (CBN’s) Monetary Policy Committee (MPC), which commences its 232nd meeting today will leave all its monetary policy tools unchanged at the end of the two-day meeting. This, according to findings by THISDAY, would be based on the continued volatility in […]
