Investors Bite

Improved Margins Of Dangote Sugar Refinery Underpin Solid Earnings Growth in FY 17, Rated Overweight

Culled—Proshare April 3, 2018/ARM Research Dangote Sugar Refinery (Dangsugar) finished its financial year 2017 on a high note with its recently released full year results revealing impressive earnings of N39.8 billion which almost tripled its performance in 2016 and translates to earnings per Share (EPS) of N3.31 (FY 16: N1.20).  […]

Intraday Update: NSEASI Down -1.28% on Sell-Offs Across Sectors

April 3, 2018/InvestmentOne Update ASI as at 12.00pm: -1.28%. Market movers: TRANSCORP (-8.11%), JAPAULOIL (-6.78%), UNIC (+11.11%), AIICO (+4.84%). Sector Performances: Banking (-1.25%), Industrial (-1.10%), Oil & Gas (-0.09%), Consumer Goods (-0.04%). Market activity: In today’s early trade, total volume and value both jumped by about 127% and 528% compared […]

SEC Halts Fraudulent Scheme Involving Unregistered ICO

2/4/2018/US SEC The Securities and Exchange Commission on April 2, 2018 charged two co-founders of a purported financial services start-up with orchestrating a fraudulent initial coin offering (ICO) that raised more than $32 million from thousands of investors last year.  Criminal authorities separately charged and arrested both defendants.    The SEC’s complaint […]