Investors Bite

TRANSCOHOT Names Two New Directors

By InvestAdvocate Lagos (INVESTADVOCATE) – Transcorp Hotels Plc, the hospitality unit of Nigeria’s top tier conglomerate, Transnational Corporation of Nigeria Plc on Tuesday announced the appointment of Saratu Umar as independent non-executive director and Bakari Wadinga, as non-executive director of the firm. TRANSCOHOT said the appointment of the new directors came […]

UBA Says 2016 Nine Months Profit up 7.64%

By InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA) said on Tuesday its profit after tax (PAT) for the period ended September 30, 2016 grew 7.64 percent to N52.3 billion from N48.5 billion recorded a year ago. Profit before tax (PBT) rose the same margin of […]

Stocks Commence Week Bullish on Frail Investors Confidence

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Monday commenced the week on a bullish note as the benchmark NSEASI advanced 0.32 percent to at 27,925 points. “Today’s performance reduced the Month-to-Date and Year-to-Date losses to 1.45 percent and 2.50 percent correspondingly,” according to Cordros daily market […]