By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Thursday reversed the rebound of the previous session, with the all-share index (ASI) falling by 0.10 percent to close at 25,490.70 points. “Thursday’s negative close increased the Month-to-Date (-6.35 percent) and Year-to-Date (-11.36 percent) losses,” according to Cordros daily market update. The report says […]
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Lafarge Africa Q3 2016 Results Review – Retaining Outperform Rating on Marked Sell-off
Culled—Proshare November 24, 2016/FBNQuest Research Material cuts to our EPS fcst’s & PT on negative cost outlook Although Lafarge Africa’s (Lafarge) Q3 2016 results showed that its pre-tax loss was better than our –N18.9bn forecast, the loss was still sizable at-N11.6bn. Lower unit volumes (-27% y/y), a significant spike in […]
SEC takes step at improving financial literacy…… Launches capital market journal
November 24, 2016/SEC The Securities and Exchange Commission is set to improve the financial literacy of Nigerians as poor financial literacy has been identified as one of the factors responsible for the low level of financial inclusion in the country. This was disclosed by Director General of the Securities and […]
