November 2, 2018/Cordros Report We guided in our Q4-18 note on Macro and Markets (published October 16), to Nigerian equities furthering losses in October and November, with rally expected in December. Our view had the backing of historical market trend, more so that this year has been broadly bearish. DANGCEM, […]
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Intraday Update: Nigerian Stocks Up +0.25% On Gains in Bellwether Counters
November 2, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks as at midday Friday is up +0.35 percent and driven by gains in bellwether counters. InvestmentOne reports that market movers on the positive side are Dangote Sugar Refinery Plc and Dangote Flour Mills Plc; both have appreciated +9.45 percent and +8.18 percent […]
Unity Bank Says Q3 2018 Pretax Profit Down -77.0%
November 2, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Mid tier lender, Unity Bank Plc on Thursday said its pretax profit for the third quarter (Q3) period ended September 2018 dipped 77.0 percent to N535.6 million from N2.32 billion recorded a year ago. Post-tax profit of the bank also depreciated -76.5 percent to […]
