Culled—Proshare December 8, 2016/Mondo The Islamic Development Bank (IDB) listed a 1.25 billion US dollar Sukuk today on Nasdaq Dubai, the region’s international financial exchange. It is the seventh Sukuk listing on the exchange by the IDB, making it the largest Sukuk issuer on Nasdaq Dubai at 8.55 billion US […]
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Mobil Oil Nigeria Q3 2016 Results Review – Event Driven Rally for Mobil Shares
Culled—Proshare December 8, 2016/FBNQuest Research Downgrading to Underperform In Q3 2016, Mobil Oil Nigeria (Mobil) delivered stellar y/y earnings growth. However, the q/q trend, which showed declines for key P&L line items, provides a better pointer for Q4. Q3 sales and earnings both declined by 22% q/q and 49% q/q […]
Stocks Rally Second Straight Day, NSE Advance 0.25%
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday rallied for the second straight day, with the all-share index (ASI) advancing by 0.25 percent to 25,739.00 points. “Today’s performance increased the Month-to-Date gain to 1.83 percent, whilst trimming the Year-to-Date loss to 10.47 percent, according to Cordros daily market update. […]
