Culled—Proshare April 11, 2018/Vetiva Research • Fuel segment earnings constrained by tough operating environment • Gross profit across all but Power segment down y/y • Net finance costs moderate 15% y/y despite sticky debt balance • PAT further supported by tax credit, beats estimate by 94% • Valuation revised lower amidst more cautious outlook on […]
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SEC lifts technical suspension on Oando PLC
April 11, 2018/Proshare WebTV Sources are reporting that the Securities and Exchange Commission of Nigeria has formally lifted the 6-month old technical suspension on Oando PLC, a leading Nigerian energy company listed on the Nigeria and Johannesburg Stock Exchanges. This was contained in a letter from the SEC Nigeria to […]
NSE Close Positive, as Benchmark Index Up+0.86% on Gains in Bellwether Stocks
April 11, 2018/InvestmentOne Report The Nigerian equities market closed positive today as NSE-ASI gained 0.86%. However, market breadth index ended positive with 27 stocks gaining against 19 stocks that declined. LEARNAFRCA (+9.43%) was the top gainer today while CILEASING (-9.40%) had the worst performance. ZENITHBANK (-0.38%) was the most actively […]
