Investors Bite

Analysts Advise Caution Over Forte Oil’s Announced Plans To Divest

Culled—Proshare May 4, 2018/Arthur Stevens Asset Management Ltd Forte Oil Plc issued a press release on its divestment intentions to support its strategic expansion by repositioning its downstream marketing business.  These divestments will affect its power generating business, upstream service business, and downstream operations activities in Ghana.  The intended action […]

Intraday Update: NSEASI Up +0.19% on Buy Interest in Consumer, Industrial Goods Counters

May 4, 2018/InvestmentOne Update ASI as at 12.00pm: +0.19%. Market movers: INTBREW (+9.05%), VERITASKAP (+6.45%), MOBIL (-4.95%), ETERNA (-4.87%). Sector Performances: Consumer Goods (+1.36%), Industrial (+0.31%), Oil & Gas (-0.76%), Banking (-0.26%). Market activity: In today’s early trade, while total volume increased by 21%, total value declined by 41% compared […]

NASCON Allied Industries’Shareholders Endorse N3.9bn Dividend Payout

May 4, 2018/Thisday Goddy Egene Shareholders of NASCON Allied Industries, a subsidiary of Dangote Industries Limited, yesterday approved the N3.97 billion dividend recommended for the year ended December 2017. The dividend, which translates to 150 kobo per share, was approved at the annual general meeting (AGM) of the company in […]