Culled—-Proshare August 4, 2016/TheAnalyst Investors continued to scramble for profits as a way of reducing exposure on the Nigerian bourse, following impressive rally of 16.69% in Q2’16, which puts H1 performance at +3.34% gain. The YTD loss so far in the New Month of August stands at -3.33% after bearish […]
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Nestle Nigeria H1 2016 Profit Drops -94%
By InvestAdvocate Lagos (INVESTADVOCATE)-Food and beverage producer, Nestle Nigeria Plc on Thursday said its profit for the year declined 94 percent to N536 million in its first-half (H1) period ended June 30, 2016 compared to N8.88 billion a year ago. Similarly, pretax profit for the food and beverage company dipped […]
Nigeria Diamond Bank might raise new capital, sell some assets – CEO
3/8/2016/Reuters By Chijioke Ohuocha Aug 3 Nigeria’s Diamond Bank is considering raising fresh capital and selling some assets in order to strengthen its capital base, its chief executive said on Wednesday. Uzoma Dozie said the bank’s capital plan will ensure it meets all regulatory requirements both in the short term […]
