By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-World’s largest domain registrar, GoDaddy Incorporated on Wednesday opened its initial public offering (IPO) at a price of $20 per share up 31 percent from the expected $17-$19 range. The company in a statement on its official website announced the pricing of its initial public […]
Capital Market
GlaxoSmithKline Reports 36.2% Decline in 2014 pretax Profit
By InvestAdvocate Lagos (INVESTADVOCATE)-Drugmaker, GlaxoSmithKline Consumer Nigeria Plc said on Wednesday said its pretax profit for the year ended December 31, 2014 declined 36.2 percent to N2.752 billion from N4.314 billion recorded a year earlier. Profit after tax (PAT) also dipped 37 percent to N1.848 billion from N2.919 billion in […]
NSE Benchmark Index Records Biggest Single-Day Gain 8.33% since March 2010
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The Nigerian Stock Exchange all-share index (ASI) on Wednesday recorded its biggest single-day gain of 8.33 percent since March 23, 2010 to extend the current winning streak to nine (9) in a row. The NSE ASI closed 34,000 points, while market capitalisation increased by N906.23 […]
