By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Tuesday sustained its bullish trend as the all-share index (ASI) climbed 0.39 percent to close the session at 28,034.32 points, following buying interest in Consumer and Banking names. “Today’s performance further reduced the Month-to-Date and Year-to-Date losses to 1.06 percent and […]
Updates
UBA Rated Outperform; Records 16% PBT Growth YoY in Q3 2016 Results
Culled—Proshare Event: United Bank for Africa (UBA) reports Q3 2016 results Implications: Slight positive reaction by the market likely Positives: Q3 PBT up 16% y/y, 18% ahead of our estimate Negatives: Limited to opex growing 25% y/y, surprising negatively by 27% UBA’s Q3 2016 results which were released this morning […]
SEC Reacts to NECA’s Flay on Quoted Companies Sanctions
October 11, 2016/SEC The attention of the Securities and Exchange Commission (“SEC”) Nigeria has been drawn to a publication in The Guardian newspaper of Friday October 7, 2016 on the above caption “RE: NECA FLAYS SANCTIONS ON QUOTED COMPANIES BY SEC”. We hereby wish to put the issues in proper […]
