March 27, 2018/Cordros Update EQUITIES The bears continued to dominate the equities market, against expectations of a positive close (following broadly positive corporate releases), as the ASI plunged 0.51% to 41,243.24 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to -4.82% and 7.84%, respectively. Save for the Industrial Goods (+0.86%) […]
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Nigerian Bourse Opens Week Bearish, Index Dipped -0.04% on Selloffs in Major Stocks
March 26, 2018/Cordros Update EQUITIES The bourse started the week on a bearish note, as the ASI inched lower by 0.04% to 41,454.30 points, owing to continued selloffs of major stocks. Accordingly, the Month-to-Date loss increased to 4.33%, while the Year-to-Date return was lower at 8.40%. The Oil & Gas […]
Cement Company of Northern Nigeria Says 2017 Pretax Profit up 141.4%, Offers N1.25 Dividend
ByInvestAdvocate Lagos (INVESTADVOCATE)-Cement producer, Cement Company of Northern Nigeria Plc (CCNN) (Sokoto Cement) on pretax profit for the period ended December 31, 2017 rose 141.4 percent to N4.20 Billion from N1.74 posted a year ago. Post-tax profit of the company in the review period increased 157.1 percent to N3.22 billion […]
