March 19, 2018/Cordros Report 2017FY update: CADBURY published Q4-17 and 2017FY results today. For the full year, revenue grew by 10.3% while EBIT, PBT, and PAT of NGN711 million, NGN350 million, and NGN300 million were reported, vs. losses in 2016FY. Net earnings was in loss (NGN64.5 million) as at 9M-17. […]
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Bears Dominates Nigerian Equities Market for Fourth Consecutive Session
March 19, 2018/Cordros Report EQUITIES The bears dominated the equities market for the fourth consecutive session, with the ASI dipping 0.21% to 41,845.92 points. Accordingly, the Month-to-Date loss increased to 3.43%, while the Year-to-Date gain dropped to 9.42%. The Insurance (-1.72%) and Consumer Goods (-1.14%) indices recorded losses, as investors […]
SEC Suspends Trading in the Securities of New Global Energy Inc
March 16, 2018/US SEC The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of New Global Energy, Inc. (“NGEY”), a Wyoming corporation, at 9:30 a.m. EDT on March 19, 2018, […]
