November 29, 2016/NSE Further to our communication of October 19, 2016, where we disclosed that ExxonMobil Oil Corporation (EMOC) our majority shareholder, had executed a sale and purchase agreement with NIPCO Investment Limited for the acquisition of EMOC’s entire 60% equity ownership in Mobil Oil Nigeria Plc, we have received […]
Investors Bite
UAC of Nigeria Q3 2016 Results Review – Outperfom Rating Maintained
Culled—Proshare November 29, 2016/FBNQuest Research PT unchanged; 2016-17E EPS forecasts up 3% UAC of Nigeria’s (UACN) Q3 2016 results were quite encouraging following a run of very difficult quarters. The group posted sales and PBT growth of 20% y/y and 231% y/y to N20.9bn and N2.4bn resp. and were ahead […]
Wall St. little changed in early trading; oil skids
November 29, 2016/Reuters By Tanya Agrawal and Anya George Tharakan U.S. stocks were little changed in early trading on Tuesday as a sharp drop in oil prices weighed on energy stocks, while a rise in healthcare stocks helped limit losses. Oil fell nearly 4 percent as major exporters struggled to […]
