In reaction to the suspension of all trading in its shares, Nigeria’s Oando Plc has issued a statement on the matter. In a statement issued earlier today, Oando said: The Company has received communication from the Nigerian Stock Exchange (NSE) that the Securities and Exchange Commission (SEC) have issued a […]
The 2017 edition of the NSE Essay Competition is now open for entries. The NSE Essay Competition, themed “Building a Sustainable Capital Market”, is one of the Exchange’s financial literacy and inclusion initiatives aimed at building a financially savvy generation. Essay Topic: Investors education is critical to retail investors’ participation in […]
GTBank said its net interest income for the first nine months of the year rose to NGN189.57 billion compared to NGN132.75 billion disclosed in the year before. The group’s profit before tax rose to NGN150.03 billion versus NGN137.99 billion disclosed last year. interest income for the period rose to NGN284.2 […]
Secure Electronics, a gaming and gambling services provider is reporting 6% rise in profit to NGN42.3 million for nine months in the year 2017 compared to NGN39.6 million recorded in the same period in the financial year 2016. The company recorded lower gross sales of NGN4.9 billion for the period […]
As a result of the directive from the Securities and Exchange Commission, SEC, to suspend trading in the sahres of Oando, the Nigerian Stock Exchange said it has executed the order. The NSE said in a statement that: Dealing Members are hereby notified that the Securities and Exchange Commission has […]
Ikeja Hotels plc is reporting 8% decrease in losses to NGN117.4 million for the nine months ended in the year 2016 from NGN128.5 million recorded in the same period in the financial year 2015. The hotels’ revenue for the period was higher by 10% to NGN3.9 billion against NGN3.7 billion […]
Ikeja Hotels plc in its financial report for the half year 2016 is reporting NGN47.9 million profit compared to NGN156.8 million loss recorded in the same period in the financial year 2015. The company ended the period with NGN2.5 billion revenue in contrast to NGN2.4 billion recorded in the previous […]
United Bank of Africa (UBA plc) is reporting 22% rise in profit to NGN60.9 billion for the nine months of the year 2017 compared to NGN49.5 million recorded same period in the financial year 2016. The financial institution said its gross earnings for period rose to NGN333.9 billion in contrast […]
Ikeja hotels plc in its financial report for the first quarter of the financial year 2016 is reporting 23% decrease on loss to NGN108 million compared to NGN141.2 million recorded in the same period in financial year 2015. The company ended the period with NGN1.2 billion revenue in contrast to […]
Forte Oil Plc, an indigenous downstream oil major in its financial reports fir the nine months of the financial year 2017 is reporting 85% rise in profit to NGN5.0 billion. The result is a significant one compared to NGN2.7 billion reported in the same period in the financial year 2016. […]