31/7/2017/Reuters Nigerian conglomerate UAC is seeking regulatory approval to raise 15.4 billion naira ($42.3 million) from existing shareholders and expects a stronger result for the second half of the year, the company said on Monday. The company said it had shareholder approval for the share sale and was hoping to […]
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FBN Holdings Plc H1’17 Results – Weak Underlying Earnings Compound Outlook
Culled—Proshare 31/7/2017/United Capital Research FBN Holdings Plc (FBNH) released its H1-17 results this afternoon, showing a 7.8% y/y growth in Gross Earnings (GE) from N267.9bn to N288.8bn. PBT and PAT however declined by 22.4% and 17.8% to N35.6bn and N29.5bn respectively. Deposits and loan books contracted by 3.5% and 4.1% […]
NSE ASI Closes Lower -2.77% to Berth at 35,844.00Pts
July 31, 2017/InvestmentOne Research Please click to download the Market Report for Monday 31st July 2017 EQUITIES: The equities market picked up where it left off in the previous session with ASI closing lower by -2.77% to berth at 35,844.00pts. The index market capitalisation also decreased by c.N352bn to close at c.N12.35trillion […]
