Updates

NSE Closes lower 2-Straight Day, on Poor Performance of Blue Chips

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-In spite of the positive momentum in Thursday’s early trades, the Nigerian bourse closed lower for the second day in a row as the Nigerian Stock Exchange (NSE) all-share index (ASI) shed 0.66 percent to settle at 27,044.36 points, with corresponding market capitalisation of N9.28 […]

Dangote Cement Plc: Revision to Estimates

November 3, 2016/Cordros Research We have revised forecasts for DANGCEM going into 2017, considering (1) price action and competition (from LAFARGE whose production faced repeated interruptions in 2016) in Nigeria, which should impact sales volume; (2) likely price weakness in Pan Africa markets on intense competition; (3) higher (than expected) […]

FBN Holdings marks World Savings Day: Takes Financial Literacy to Youths

November 3, 2016/FBN Holdings Plc In its sustained commitment to encourage savings culture among Nigerians FBN Holdings Plc, Nigeria’s most diversified financial services group through its subsidiaries; First Bank of Nigeria Limited, Nigeria’s Most Valuable Bank Brand and FBN Merchant Bank joined the rest of the world on Monday in […]