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Oando Confirms Suspension on Shares Trading

October 18, 2017/NSE The Company (“the Company” or “Oando”) has received communication from the Nigerian Stock Exchange (NSE) that the Securities and Exchange Commission (SEC) have issued a directive to immediately suspend the trading of Oando shares, a directive to which the NSE has complied.  The Company is currently reviewing […]

GTBank Reports Q3’17 Results – On track to Beat Consensus FY PBT Forecast of N193bn

Culled—Proshare October 18, 2017/FBNQuest Research Event: GT Bank reports Q3 2017 results Implications: On track to beat consensus full year PBT forecast of N193bn Positives: Marked y/y declines in opex and provisions Negatives: Weaker-than-expected non-interest income This afternoon GT Bank (GTB) published its Q3 2017 results. Although the bank’s results […]

GTBank Plc: Q3 2017 Results: Key Highlights

October 18, 2017/InvestmentOne Research GTB released its Q3 2017 results earlier today. Please find key highlights of the Q3 2017 results below: ·         Net interest income of N60.0bn, down -5.3% q/q; +11.9% y/y ·         Profit before tax of N48.9bn, down -3.5% q/q; -11.3% y/y ·         Profit after tax of N41.9bn, […]