By InvestAdvocate Lagos (INVESTADVOCATE)-Lender, Union Bank of Nigeria Plc (UBN) on Wednesday said its 2016 pretax profit for the first-half (HI) period ended June 30, 2016 climbed up 35 percent to N8.92 billion from N6.61 billion declared a year ago. Similarly, profit after tax (PAT) grew 35.7 percent to N8.76 […]
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FBNH H1 2016 Pretax Profit Down 11.9%
July 26, 2016/InvestmentOne Research FBNH’s recently released results Q2 2016 were reflective of the depreciation of the local currency at the interbank market. This contributed to the significant spike in net gains on FX to N51.5bn in Q2 2016 against N1.4bn in Q1 2016. However, it also lead to the […]
Bulls Return to NSE, Benchmark Index Rise 1.14%
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 […]
