Capital Market

Transcorp Hotels Reports N3.93 Billion Pretax Profit for Nine Months Ended 30 September

By InvestAdvocate Lagos (INVESTADVOCATE)- Transcorp Hotels Plc, the hospitality unit of Nigeria’s top tier conglomerate, Transnational Corporation of Nigeria Plc on Friday said its pretax profit for the nine months period ended September 30, 2016 rose 14.7 percent to N3.93 billion from N3.42 billion recorded a year ago. Post-tax profit […]

Asia stocks ease as stronger dollar weighs on crude oil

October 21, 2016/Reuters By Shinichi Saoshiro | TOKYO Asian stocks were mostly lower on Friday as the dollar climbed to seven-month highs against a basket of currencies and dragged down crude oil prices, cooling investor risk appetite. Equities were expected to continue sagging in the European session, with spreadbetters forecasting […]

Stocks Extend Decline as Investors Reduce Exposure

By Yakubu LAAH InvestAdvocate Lagos INVESTADVOCATE)-Nigerian Stocks on Wednesday extended its decline for the third consecutive session as the all-share index (ASI) dropped by 0.28 percent to close at 27,478.04 points. “Today’s negative performance increased the Month-to-Date and Year-to-Date losses to 3.03 percent and 4.20 percent respectively,” according to reports […]