• NSE Restructures REITS, Closed-End Funds

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    The Nigerian Stock Exchange (NSE) has notified the market about its proposed changes to the framework regarding the trading of Real Estate Investment Trusts (REITs) and closed-end funds listed on the Exchange. According to the Exchange in a press statement, the proposed changes, which will be implemented over the next three quarters of 2017, are…

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  • Forte Oil Boosts Profit By 97.5% In Q1 2017

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    Forte Oil Plc has released its first Quarter (Q1) 2017 financial statements, reporting a profit of N1.9 billion for the period ended 31st March 2017, a 97.5 percent increase from N954.2 million in the same period last year. Profit before tax also grew by 57.5 percent to N2.0 billion in Q1 2017 as against N1.3…

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  • SunTrust Bank Grows Profit By 160% In 2016

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    The SunTrust Bank Nigeria Limited said its profit before tax grew by 160 per cent in the financial year ended December 31, 2016. The bank’s result released yesterday showed that the future is very bright for all stakeholders as profit before tax (PBT) rose from N131.9 million to N343.34 million in 2016, representing a growth…

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  • Jaiz Bank, Kogi Partner On Women Empowerment

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    Jaiz Bank Plc and Kogi State government have agreed to partner in empowering women, traders and artisans in the state. This was made known, yesterday at the courtesy visit made by the management team of Jaiz Bank, led by its managing director/CEO Hassan Usman to Governor Yahaya Bello in Lokoja, Kogi State. Governor Bello, stated…

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  • Coronation Merchant Bank Declares N5.3bn Profit In 2016

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    Coronation Merchant Bank Limited said it has posted a profit before tax of N5.3 billion for the financial year ended 2016. The group managing director of the bank, Mr. Abu Jimoh made this known to the shareholders at the bank’s annual general meeting held yesterday in Lagos. Jimoh applauded the shareholders for their continued support…

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  • Abe: Financial Expert At CIS

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    Mr. Oluwaseyi Abe, a distinguished financial market operator who boasts of a robust wealth of experience spanning over two decades in investment banking, money and capital markets, treasury asset management, corporate finance, wealth creation and pension management. Prior to his becoming the president and chairman of the Governing Council of Chartered Institute of Stockbrokers, CIS,…

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  • Dangote Flour Records N12bn Profit

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    Dangote Flour Mills Plc said it has achieved a profit before tax of N11.82 billion for its financial year ended December 31, 2016. In its result on the Nigerian Stock Exchange (NSE), the group’s profit before tax went up from N11.59 billion to N11.82 billion in 2016, while profit after tax decline from N12.11 billion…

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  • Oando Declares N3.5bn Profit In 2016

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    …Rebounds to profitability Despite the country’s economic recession, continued volatility in global oil prices, pipeline sabotage in the Niger Delta and reduced oil exports in 2016, Oando Plc has been able to rebound back to profit. According to the company’s result on Nigerian Stock Exchange (NSE) for the financial year ended December 31, 2016, its…

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