By Yakubu LAAH InvestAdvocate Lagos INVESTADVOCATE)-Nigerian Stocks on Wednesday extended its decline for the third consecutive session as the all-share index (ASI) dropped by 0.28 percent to close at 27,478.04 points. “Today’s negative performance increased the Month-to-Date and Year-to-Date losses to 3.03 percent and 4.20 percent respectively,” according to reports […]
Investors Bite
GTBank Says 2016 Nine Months Profit Up
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Guaranty Trust Bank Plc (GTBank) said on Wednesday its nine months profit for the period ended September 30, 2016 increased 59.6 percent to N119.9 billion from N75.2 billion recorded a year ago. Also, profit before tax (PBT) grew 53.0 percent to N140.8 billion […]
ExxonMobil to Divest 60% Stake from Mobil Oil
October 19, 2016/NSE Mobil Oil Nigeria Plc has been informed by its majority shareholder, ExxonMobil Oil Corporation that it has agreed, subject to regulatory approvals, to sell its shares representing 60% of Mobil Oil Nigeria’s shares to Nipco Investments Limited, a wholly-owned subsidiary of Nipco Plc (both of which are Nigerian […]
