By InvestAdvocate Lagos (INVESTADVOCATE)-Lender, Union Bank of Nigeria Plc (UBN) said on Tuesday its half-year (H1) pretax profit for the period ended June 30, 2016 climbed up 38.3 percent to N8.92 billion from N6.62 billion recorded a year ago. Similarly, profit before tax (PBT) grew 35.8 percent to N8.76 billion […]
Updates
DLM Estimates an Increase in Headline Inflation to17.20pct in July 2016
Culled—–Proshare August 16, 2016/DLM Research Background to our forecast The headline inflation for July 2016 is expected to be released by the National Bureau of Statistics on the 31st of August 2016. Meanwhile, headline inflation for June 2016 came in at 16.48 percent, representing an increase of 90bps from 15.58 […]
Zenith Bank Plc Outperform Rating Maintained; Shares Up c.7% vs a Loss of -c.5% for the ASI
Culled—-Proshare August 16, 2016/FBNQuest Research Healthy underlying results; raising price target by 2.7% Zenith Bank management reiterated its full year PBT guidance of N126bn, following its Q2 2016 results which were in line. The main areas of scrutiny by the market in the results were the absence of large fx-related […]
