October 27, 2017/InvestmentOne Research The Nigerian equities market declined -0.15% today. Market breadth index closed flat as 23 stocks gained against 23 stocks that declined. The best performing stock was CAVERTON (+5.00%) while TOTAL (-5.00%) topped the losers’ chart. FBNH (+0.81%) and DANGCEM (-0.01%) topped as regards to volume […]
Investors Bite
Unity Bank Names Aminu Babangida as Board Chairman
October 27, 2017/NSE This is to formally notify shareholders of Unity Bank Plc. and other stakeholders of the Bank that, the Board of Unity Bank Plc. at an Emergency Meeting held on October 4, 2017 approved the retirement of Mr Thomas A. Etuh as Chairman of the Board. The Board […]
Dangote Sugar: Q3-17 PAT; Strong Performance Delivery
October 27, 2017/Cordros Research DANGSUGAR released Q3-17 result yesterday, showing revenue declined 1% y/y while EBITDA (226% y/y) and PAT (244% y/y) grew strongly. Continued stronger gross margin and tamed opex, primarily, in addition to higher investment income, was the lever for earnings growth. Annualized, the revenue and PAT reported […]
