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 […]
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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. […]
Shareholders approve Union Bank’s N50bn rights issue
8/12/2016/The Punch Stanley Opara The shareholders of Union Bank Nigeria Plc have endorsed five resolutions authorising the Board of Directors of the bank to raise up to N50bn through rights issue. The shareholders gave their approval at an Extraordinary General Meeting of the bank held in Lagos on Wednesday. In […]
