By InvestAdvocate Lagos (INVESTADVOCATE)-Investors in the Nigerian Capital Market (NCM) are selling off their Skye Bank Plc shares following the decision of the Central Bank of Nigeria (CBN) to dissolve the board and management of the Bank. MK Ahmad, chairman of Skye Bank on Friday told stakeholders at the Nigerian […]
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Lafarge Africa Issues Profit Warning for H1 2016 Results on Naira Devaluation
By InvestAdvocate Lagos (INVESTADVOCATE)-Cement producer, Lafarge Africa Plc on Friday issued a ‘profit warning’ saying its half-year 2016 period is expected to be affected by the impact of the naira devaluation compared to the United States dollar resulting in an unrealised exchange loss. According to the board of directors of […]
Nigerian Stocks End Week in Red, Post 1.54% Loss
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Friday ended a two-day trading session as all-share index (ASI) and market capitalisation dipped 1.54 percent to close the week at 28,854.98 basis points and N9.910 trillion respectively. “Similarly, all other Indices finished lower during the week, with the […]
