Uzoma Dozie, Chief Executive Officer Diamond Bank Plc October 26, 2018 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s lender, Diamond Bank Plc has continued to erode investors value, it announced on Friday its post-tax profit for the period ended September 30, 2018 plunged 57.6 percent to N1.65 billion from N3.90 billion recorded […]
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Nigerian Stocks Advance 0.20% WTD on Gains in Bellwether Counters
October 26, 2018 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Friday closed the last trading session of the week positive, gaining 1.11 percent to 32,907.33 basis points on gains in bellwether stocks, bringing Week-to-Date (WTD) up +0.20 percent and Year-to-Date (YTD) returns to a negative -13.95 percent. InvestmentOne reports […]
ZENITHBANK: Valuation Outlook Gets Boost from Lower Cost of Funds, Despite Weak Income Lines
October 26, 2018/Cordros Report Update: We resume coverage of ZENITHBANK with a BUY rating, following the bank’s impressive Q3 performance. Our positive outlook for the group’s 2018FY earnings is hinged on (1) lower cost of funds and (2) lower impairment charges. On the flip side, declines across major revenue lines, […]
