Author: InvestAdvocate

Nestle (Nigeria) Plc FY 2011 Earnings Update

Nestle (Nigeria) Plc yesterday announced its full year 2011 results, with turnover coming in strong at N98.0bn, 18.4% higher than the N82.7bn reported for FY 2010. Although PBT recorded a marginal 1.6% rise to N18.5bn, post-tax profits came in stronger by 33.4% from N12.6bn to N16.8bn. The company proposed a […]

Unclaimed dividend hit N40 billion-SEC

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities & Exchange Commission (SEC) Tuesday announced that Unclaimed dividend in the    Nigerian Capital Market (NCM) has hit about N40 billion as at date. Daisy Ekineh, Executive Commissioner, Operations of SEC made this disclosure on behalf of Arunma Oteh, Director General (DG) SEC […]