By InvestAdvocate Lagos (INVESTADVOCATE)-Cement producer, Ashaka Cement Plc on Tuesday said it has posted a pretax profit of N5.25 billion in its 2014 audited year end compared to N2.84 billion declared a year earlier; indicating a growth of 84.5 percent in the review period. Also, post-tax profit climbed up 61.7 […]
Capital Market
Nigerian Stocks Remain Bullish, Gain 2.13% on Tension of Election Results
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Tuesday gained 2.13 percent as all-share index (ASI) closed at 31,753.15 points, while market capitalisation increased by N226.43 billion to close at N10.72 trillion. Cordros daily update say the steady increase led to a reduction of Year-to-Date (Y-t-D) loss at the Nigerian […]
Nigeria’s Skye Bank to Raise Up to $250 Million in Share Sale
March 30, 2015/Bloomberg Skye Bank Plc, the Nigerian lender that sold bonds last week, said it plans to raise as much as 50 billion naira ($250 million) by selling stock this year as it seeks to boost liquidity and fund operations. “We are looking at the second to third quarter […]
