By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Securities & Exchange Commission (SEC) on Friday said it has paid out a total of N29.2 billion unclaimed dividends to investors who before this time did not claim their dividends. Mounir Gwarzo, director general (DG) of the Commission made this disclosure at the end […]
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African Exchanges Should Focus on Smaller Businesses
November 25, 2016 By Nonkululeko Nyembezi-Heita, Chairman, JSE The African growth story is no longer a fairy tale. Over the past decade multinational companies, private equity funds and infrastructure development programmes have channeled capital to the continent as they began to realise the true potential it holds, but like most […]
FCMB Group Records 168% Growth in Non-Interest Income in Q3’16 Results Due to FX Gains
Culled—Proshare November 25, 2016/FBNQuest Research Event: FCMB Group reports Q3 2016 results Implications: Negative market reaction likely Positives: 168% y/y growth in non-interest income largely due to fx gains Negatives: Pre-tax loss of -N2.1bn driven by a significant spike in loan loss provisions Late yesterday, the NSE published FCMB Holdings’ […]
