February 28, 2018/InvestmentOne Report ASI as at 12.00pm: -0.08%. Market movers: AFRINSURE (-5.00%), FTNCOCOA (-4.76%), CCNN (+8.79%), JAPAULOIL (+8.00%). Sector Performances: Banking (-0.33%), Industrial (+0.29%), Consumer Goods (+0.03%), Oil & Gas Market activity: In today’s early trade, total volume and value declined by c. -25% and c.-67% respectively compared to […]
Results & Dividends
SEPLAT Reports N13.45 Billion Pretax Profit in 2017 FYE
By InvestAdvocate Lagos (INVESTADVOCATE)- First dual listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc on Wednesday reported a pretax profit 126 percent to N13.45 billion in its full year 2017 financial results compared to a loss of N47.42 billion recorded a year ago. Similarly, Seplat reported […]
CBN Amends Dividend Pay-Out Policy For Banks
Culled—Proshare February 23, 2018/FDC Prior to this guideline, most banks adopted an aggressive dividend policy, partly to shore up their share price and secondly to splash cash to shareholders. Consequently, banks resorted to external funding sources to support their balance sheet, as against internal capital consolidation in the form of […]
