Shares in Nigerian oil company Oando fell by almost the 10 percent limit allowed on the local stock exchange for a second day following allegations by a British prosecutor about links to jailed former Nigerian oil state governor James Ibori. The energy company’s shares were down 9.37 percent at 9.14 […]
Tag: shares
Nigeria’s Union Bank says H1 profit falls 4.2 pct
Nigeria’s Union Bank said on Thursday its half-year pretax profit fell to 9.8 billion naira ($61.1 mln), down 4.2 percent from 10.2 billion naira last year. Shares in Union Bank, which had gained 63 percent since the start of the year, were trading flat at 12 naira at 1130 GMT. […]
AOL Shares Fall After Missing Profit Estimates
AOL Profit, Sales Miss on 9% Subscription Declines AOL Inc. (AOL), the digital publisher that owns the Huffington Post and TechCrunch, fell the most in five months after reporting first-quarter profit that missed estimates. The shares slid 8.9 percent to $37.74 at the close in New York, the biggest one-day […]
