Investors Bite

World’s Best Performing Macro Hedge Fund Lost 16% Last Month

4/3/2018/Bloomberg By Klaus Wille PruLev Global Macro Fund slumps after gaining 52% last year Singapore-based fund fell as markets roiled in February The PruLev Global Macro Fund gave up almost one-third of last year’s 52 percent gain in February, after being caught out by the return of volatility.  The fund, […]

Nestle Nigeria Says 2017 Pretax Profit up 117.3%, Offers N27.50 Final Dividend

March 4, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Food and beverage producer, Nestle Nigeria Plc last Friday said pretax profit for the full year ended December 31, 2017 grew 117.3 percent to  N46.828 billion from N21.548 billion posted a year ago. Similarly, post-tax profit of the beverage maker increased 325.5 percent to […]

Where is NASD in the ERGP?

Culled—Proshare March 2, 2018/NASD Plc  A year ago, the Federal Government of Nigeria needed a plan. The price of the product that generated the bulk of the country’s foreign exchange earnings had hit a 13 year low – there was even a threatened glut in the product itself.  Alternative industry that […]