By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) commenced the week on bearish note extending the losing streak to a fourth successive session – with the all-share index (ASI) declining by 0.35 percent to close at 26,887.54 points. “Today’s negative performance increased the Month-to-Date and Year-to-Date losses to 1.22 percent […]
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FBN Holdings Announces Termination of GDR Programme
November 7, 2016/NSE Kindly be informed that in line with the terms and conditions of the Global Depositary Receipt Programme (GDR) agreement, FBN Holdings Plc’s (Formerly First Bank of Nigeria Plc) GDR programme will be terminated on 28 December 2016. Deutsche Bank Trust Company Americas, in its capacity as the […]
Nestle Nigeria Plc – 9M’16 EPS Down 97% YoY as FX Loss Swells
Culled—Proshare November 7, 2016/Vetiva Research Posts second consecutive quarterly loss, 9M’16 PAT down 97% y/y Unsurprisingly, foreign exchange losses continued to mount pressure on NESTLE’s earnings in Q3’16 as further currency weakness in the quarter ensured a second quarterly loss after tax of ₦51.1 million (Q2’16 LAT: ₦6.1 billion). Given […]
