By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The bulls on Wednesday returned to the Nigerian Stock Exchange (NSE) halting a six-consecutive day of losses. At the close of trading on the domestic bourse, all-share index (ASI) closed at 27,945.02 points, while market capitalisation fell by N24.25 billion to N9.60 trillion. “Today’s […]
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Flour Mills of Nigeria Reports Pre-tax Loss of –N8.3bn in Q4’16
Culled—–Proshare July 26, 2016 / FBNQuest Research Event: Flour Mills of Nigerian (FMN) reports Q4 2016 (end-Mar) results Implications: Likely downward revisions to consensus 2017 PBT forecast Positives: No obvious positives Negatives: FMN reported a pre-tax loss of –N8.3bn, driven mainly by a 48% y/y and 58% y/y rise in […]
Resort Savings Names Olayemi Rabiu Executive Director
By InvestAdvocate Lagos (INVESTADVOCATE)-Primary mortgage firm, Resort Savings & Loans Plc said on Monday it has appointed Olayemi Rabiu as executive director (ED) effective July 19, 2016, the company said in an issuer’s announcement with the Nigerian Stock Exchange (NSE). Resort said prior to Rabiu’s appointment, he was the […]
