October 29, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market closed the first trading session of the week positive, gaining 0.88 percent to 33,196.07 basis points compared to +1.11 percent gain recorded previously on gains in Banking and Industrial counters, bringing its Year-to-Date (YTD) returns to -13.20 percent. InvestmentOne reports that […]
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Airtel Africa Raises $1.25 Bn From SoftBank, Five Other Investors
Culled—Proshare 28/10/2018/By BusinessLine Airtel Africa Ltd, a subsidiary of India’s Bharti Airtel Ltd, said on Wednesday it raised $1.25 billion from six global investors including SoftBank Group Corp, Warburg Pincus LLC and Temasek Holdings (Private) Ltd. It also said it was looking to go public on an international stock exchange. […]
Nigerian Breweries Plc 9M’18 Results – Intensified Competition Pressures Earnings
Culled—Proshare October 29, 2018/CardinalStone Research Nigerian Breweries Plc (NB) 9M’18 results – top line declined by 6.5% YoY to N238.1 billion, in line with our estimate of N244.8 billion (-2.7% deviation). In the same vein, after-tax earnings dipped significantly by 38.4% YoY to N14.8 billion, underperforming our estimate of N21.4 […]
