October 31, 2017/SEC The zero tolerance stance on market infractions and fraud of the Securities and Exchange Commission (SEC), received yet another major boost Tuesday when Mr. Oyekun Akinsemoyin was arraigned before the Ikeja magistrate court 1 on charges of conspiracy , forgery, fraud and impersonation contrary to sections 412, 380 and […]
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FLOURMILLS Q2-17/18 PAT; FX Gains Spur Earnings
October 31, 2017/Cordros Research FLOURMILL just published Q2-17/18 and H1-17/18 results showing high double-digit growth in post-tax profit. The primary driver of the profit growth (as was the case in Q1) is a net operating gain of N1.92 billion, against a loss reported in Q2-16. That aside, gross profit was […]
Equities Market Close Positive, Driven by Gains in Blue-Chips
October 31, 2017/InvestmentOne Research Please click to download the Market Report for Tuesday 31st October 2017 EQUITIES: The equities market closed positive today driven by the gains in Industrial; DANGCEM (+246pts) and CAP (+3.2pts), Consumer Goods; FLOURMILLS (+11pts) and DANGFLOUR (+6.5pts), as well as Oil and Gas; SEPLAT (+24pts), which more […]
