United Bank for Africa (UBA) Plc last Friday announced a recovery from the N6.8 billion loss in 2011 to a profit N54.8 billion in 2012. The company also recommended a dividend payment of 50 kobo per share for the year. UBA had in 2011 posted a loss on account of […]
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Market gains deepen as value rises by N343bn
The equities segment of the Nigerian Stock Exchange closed last week on a positive note as major market indicators rose significantly. The market capitalisation of the listed equities rose by N343bn or 3.1 per cent from N11.170tn recorded at the beginning of last week, to N11.513tn at the close of […]
Dangote Sugar’s Q1 profit rises by 23%
Dangote Sugar Refinery Plc has recorded a 23 per cent rise in its profit after tax for the first quarter ended March 31, 2013. Its result released to the Nigerian Stock Exchange on Friday showed that the profit, which stood at N2.80bn at the corresponding period of 2012, rose by […]
