Investors Bite

Johannesburg Stock Exchange Also Suspends Trading Of Oando Shares

October 19, 2017/The Will By Ugochukwu Ugwuanyi Barely a day after the Nigerian Stock Exchange, NSE, suspended trading on the shares of Oando Plc, the Nigerian oil company on Thursday suffered the same fate at the Johannesburg Stock Exchange, JSE. Nigeria’s Securities and Exchange Commission, SEC, had prompted the NSE […]

Dangote Cement Says Onne Van de Weijde Exits as CEO

October 19, 2017/NSE The Board of Dangote Cement Plc. (DCP), hereby announce changes in the leadership of the company. In the circumstance, Mr. Onne Van de Weijde, the Chief Executive Officer (CEO) of the company will step down as the company’s CEO at the end of 2017 having completed three […]

Zenith Bank Reports Q3 2017 Results Records Weaker Than Expected Funding Income

Culled—Proshare October 19, 2017/FBNQuest Research Event:                       Zenith Bank reports Q3 2017 results Implications:        Mixed/delayed positive reaction by the market likely Positives:                PBT up 26% q/q, beat our forecast by 32% Negatives:               Weaker-than-expected funding income  Zenith Bank’s Q3 2017 results which have just been published show low single […]