CAPITAL MARKET

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.43 per cent while the Year-to-Date return stood at -4.91 per cent as investors recorded a gain of N40 billion. The All Share Index closed at 27,236.78 on Thursday against the Wednesday close of 27,120.39...

Total Oil Nigeria Plc has exited its shareholders proposing an interim dividend of N7.00 per share totalling N3.4 billion, on the back of impressive financial performance. The downstream petroleum marketing company’s profit after rose from N2.77 billion in Q3 2015 to N11.6 billion in Q3 2016. Profit before tax gained...

The Board of Directors of Nigerian Breweries Plc has announced an interim dividend of N7.929 billion, that is N1.00 (One Naira) per Ordinary Share of 50 kobo in the share capital of the company for the nine-month period ended 30th September 2016. This is despite the marginal decline in the...

First Bank of Nigeria Holdings Plc grew total assets to N5.1 trillion in nine months ended September, 27 per cent from N4.2 trillion in December, 2015. The growth in total assets was driven by customer deposits that gained nearly 11 per cent to N3.3trillion from N2.97 trillion in 2015 while...

Union Bank Plc has declared 39.3 per cent increase in profit after tax to N13 billion in nine month period ended September 2016 from N9 billion in September 2015. The bank in its report to the Nigerian Stock Exchange (NSE) said its profit before tax grew by 39 per cent...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.08 per cent on Wednesday while the Year-to-Date return stood at -5.31 per cent, as investors managed to recoup only N7 billion out  of much they have lost of recent. The All Share Index closed...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization decreased by 1.73 per cent, while the Year-to-Date return stood at -5.39 even as investors on the Exchange recorded a loss of N163 billion on Tuesday. The All Share Index closed at 27,098.52 against the previous close...

The Nigerian Stock Exchange (NSE) has listed the 889.9 million Ordinary Shares of The Initiatives Plc (TIP) of 50 kobo each. Priced at N0.85, the shares were listed by Introduction on the Alternative Securities Market (ASeM) Board today, Tuesday, October 25, 2016. The Initiates Plc is the first waste management...

Unity Bank Plc has announced 63 per cent decrease in profit after tax for the third quarter (Q3 2016) ended September 30, 2016 from N9.3 billion to N3.4 billion. The bank posted a profit before tax of N3.8 billion for Q3 2016, despite the challenging operating environment and economic challenges,...

Reiterate 'buy' recommendation Review forward earnings estimate The nine-month financial position of Zenith Bank plc released on the Nigerian Stock Exchange on Monday in which the company reported a significant improvement in performance for the period, has been receiving applause by investment analysts. Analysts at Capital Bancorp review the performance...