Oando records N212bn revenue, cuts debt by half
Oando records N212bn revenue, cuts debt by half Oando Plc has announced unaudited results for the six months period ended 30 June, 2016. The company’s turnover increased by 18…
Forte Oil to raise N50bn debt capital before December
Forte Oil to raise N50bn debt capital before December Forte Oil Plc has expressed its readiness to raise fresh capital of N50 billion before the end of the year for…
Purchasing Managers’ Index records modest improvement in July
Purchasing Managers’ Index records modest improvement in July FBNQuest has reported modest increase in manufacturing Purchasing Managers’ Index (PMI) for the month of July, 2016. FBNQuest, the merchant banking…
Dangote Sugar Refinery posts N11.1bn before tax in HY1
Dangote Sugar Refinery posts before tax in HY1 Dangote Sugar Refinery has announced a profit before tax of billion for the six months ended 30 June, 2016. The unaudited…
Sterling Bank strengthens fundamentals amidst first half headwinds, eyes N35b new capital in second half
Sterling Bank strengthens fundamentals amidst first half headwinds, eyes N35b new capital in second half Sterling Bank Plc has showed steadiness and improved the intrinsic fundamentals of its businesses…
Diamond Bank customers deposit drops 34% in H1 2016
Diamond Bank customers deposit drops 34% in H1 2016 By Kayode Ogunwale Diamond Bank Plc has reported a huge decline in its customers deposits for unaudited consolidated and separate…
Seplat Petroleum reports N12.8bn loss in HY1 2016
Seplat Petroleum reports loss in HY1 2016 By Kayode Ogunwale Seplat Petroleum Development Company Plc has reported a loss after tax of billion for half year 2016. The group loss…
Dangote Cement revenue hits N292bn in half year 2016
Dangote Cement revenue hits N292bn in half year 2016 By Kayode Ogunwale Despite harsh operating environment facing manufacturing companies in Nigeria, Dangote Cement Plc has recorded significant improvement in…
NIDF investors to receive interim coupon of N18.6 million
NIDF investors to receive interim coupon of million Investors in the Nigerian International Debt Fund (NIDF), a listed mutual fund on the Nigerian Stock Exchange (NSE) that invests in fixed…
UK envoy pledges support for Nigeria capital market
UK envoy pledges support for Nigeria capital market United Kingdom Trade and Investment (UKTI) envoy to Nigeria, John Howell has pledged to strengthen trade ties with Nigeria capital market. Howell…