Category: Capital Market

Lafarge Africa Plc, a leading cement and building solutions provider, has now reported its 12 months 2015 results, with revenue up 2% against last year’s reaching N267 billion, in a challenging transitional market. South West operations grew by 8% behind a number of initiatives such as the Key Distribution Scheme, a strong route to market…

The lull in the oil industry and real estate sector of the nation’s economy has impacted negatively on the operations of Skye Bank Plc. Consequently, the bank is expected to report a decline in profit for the financial year ended December 31, 2015. In a profit warning notification to the capital market community, the management of Skye…

The Board of Directors and management of Unilever Nigeria Plc has released its results for the year ended 31st December 2015 with turnover and Profit after Tax o(PAT)f N59.2 billion and N1.19billion respectively. According to the statement the company recorded a considerable leap in PAT from its N141million in Q3 2015 to close on the…

Trading activities on the floor of the Nigerian Stock Exchange, NSE, rested in the Green Zone on Tuesday, March 22, as the All Share Index jumped by 0.45% to close at 26,020.32 points, compared with the appreciation of 0.81% recorded on Monday. Year-To-Date (YTD), the NSE ASI depreciated by 9.15%. The appreciation recorded in the share…

Director General of Nigeria’s Securities and Exchange Commission (SEC), Mounir Gwarzo, has been unanimously re-elected to continue providing leadership to the Africa Middle East Regional Committee (AMERC) of the International Organization of Securities Commissions (IOSCO) as its Chairman. The AMERC comprises securities regulators who are IOSCO members within the Middle East and North Africa as…

The United Bank for Africa Plc; the pan African financial services Group with operations in 19 African countries has delivered another strong and impressive financial performance. In its Audited Full Year results for the year ended December 31, 2015, released to the Nigerian Stock Exchange (NSE) on Monday, the bank recorded a 10% growth in…