By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Tuesday said Heritage Bank Limited is not in distress and financial fit to carryout is obligations as a lender. This is contained in a statement signed by Isaac Okorafor, Ag. Director, Corporate Communications of the CBN. The statement reads thus: […]
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S.Africa’s Telkom to pay first interim dividend as recovery builds
November 15, 2016/Reuters Telkom SA, South Africa’s biggest fixed-line phone company, said on Tuesday its half-year profit rose 19.7 percent, buoyed by its mobile business and the consolidation of its enterprise division. Headline earnings per share (HEPS) for the six months to the end of September rose to 336 cents […]
Stocks Extend Losses Dragged by Industrial Goods Counter
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Tuesday extended losses, with the all-share index (ASI) dragged by a heavy loss in the Industrial Goods counter falling by 0.50 percent to close at 25,857.06 points. “On the back of today’s loss, the Month-to-Date (-5.01 percent) and Year-to-Date (-10.04 percent) returns […]
