Investors Bite

Fidelity Bank Plc Q3 2017 Results Review: Dividends to Support Solid Total Return

Culled—Proshare October 26, 2017/ FBNQuest Research  19% avg. increase to our 2017-18E EPS forecast and price target Fidelity Bank’s (Fidelity) Q3 2017 results came in ahead of our expectations for the third quarter in a row. Opex and funding income in particular helped. Consequently, we have cut our opex forecasts […]

Unilever Nigeria’s rights issue share sale oversubscribed

25/10/2017/Reuters Unilever Nigeria’s 58.85 billion-naira ($187 million) rights issue was 120 percent subscribed, the company said on Wednesday. The local subsidiary of Anglo-Dutch consumer goods group Unilever, said in a statement it sold 14 new new shares for every 27 held at 30 naira each. The company, which is 60.05 […]

How SEC Director-General Illegally Paid Self Severance Benefit, Awarded Contracts To His Companies

October 25, 2017/Sahara Reporters Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Haliru Gwarzo, SaharaReporters can exclusively reveal, has perpetrated a variety of fraudulent activities since his appointment by former President Goodluck Jonathan for a first term of five years on May 22, 2015. Prior to being appointed […]