August 18, 2016/NSE Following various stories in the online media about the alleged discovery of frauds at Nigerian Ports Authority involving 3 banks including First City Monument Bank (“FCMB”, or the “Bank”), the Management of the Bank would like to make the following clarifications. FCMB has not been involved in […]
Updates
AMCON: Financial Loss but Economic Profit
Culled—–Proshare August 18, 2016/FDC The announcement of an astronomical loss of N304.3billion for 2015 by AMCON, a sum 8.12% higher than the total revenues shared by the governments of the federation in April, was startling. But what everyone forgets is that the financial loss is nothing compared to the economic […]
Bears Return to NSE, as Banking, Consumer Goods Stocks Drag ASI Down 0.06%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Bearish sentiments on Thursday returned to the Nigerian Stock Exchange (NSE) as the all-share index (ASI) was dragged into the red zone; falling 0.06 percent to close at 27,420.99 points. Cordros daily market update reports that the session’s negative close increased the Month-to-Date and […]
