July 19, 2017/InvestmentOne Research ASI as at 12.00pm: +0.19% Market movers: OANDO (+4.99%), CHAMPION (+4.58%), FIDSON (-5.00%), PRESCO (-4.99%) Sector Performances: Banking (+1.06%), Oil & Gas (+0.55%), Consumer Goods (-0.39%), Industrial Market activity: Today’s activity levels has declined significantly from yesterday. Investors have exchanged a total of 92m units of […]
Investors Bite
Unity Bank Gross NPLs of N361bn Considered for Outright Sale
Culled—Proshare July 18, 2017/Unity Bank 2016 Annual Financial Statements Included in loans and advances are gross non-performing loans of N361 billion which have been considered for outright sale & management to an institutional asset management company. The Bank executed a Transaction Implementation Agreement (TIA) and a Sales and Purchase Agreement […]
Cancellation of Staff Share Investment Scheme… Upward Review to Consensus Target Price and EPS Insight
18/7/2017/Cordros Research United Bank for Africa Plc (UBA) published a press release on the NSE this afternoon, stating that a process has been initiated to cancel the shares in its Staff Share Investment Trust Scheme (SSIT) with the crossing of 2,080,104,955 shares to the Bank. The shares were created as […]
