By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing major, Conoil Plc on Thursday said its profit after tax (PAT) for the period ended December 31, 2015 climbed up 176.6 percent to N2.31 billion from N834.4 million recorded a year ago. Similarly, profit before tax (PBT) of the nation’s top oil marketer rose 125.1 […]

Sept 6, 2016/InvestmentOne Research Downgrade to a SELL despite +64.9% increase in PBT forecast on FX gains. Following FBNH’s Q2 2016 results which showed a +8.1% q/q improvement in PBT, we raised our 2016E PBT forecast by +64.9% to reflect the FX gains on revaluation. The increase in FX gains […]

6/9/2016/Punch Stanley Opara The Group Managing Director/ CEO, United Bank for Africa, Mr. Kennedy Uzoka, has said the banks African subsidiaries contributed 25 per cent of the group’s profit and account for over a quarter of its  overall total deposit base, which is largely made up of low-cost savings and […]