All posts by Afolabi Ogunde

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  Stock Market Inches Up In Daily Trading

  The Nigerian Stock Market inched up slightly at the end of trading today, adding only nine basis points. Whilst this did little to reverse the previous day’s losses, it brought the ASI level to 20,521.31. The banking...

  • Posted November 3, 2011
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  Precious Metal Prices Thrive on Greek Uncertainty

  Uncertainty over the Eurozone crisis has pushed the prices of precious metals and crude oil to record highs in just a few days of trading. Since the end of October a few days ago, the price of...

  • Posted November 3, 2011
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  The Makings Of A Greek Tragedy

  Just days after European leaders agreed on a bailout plan that would mitigate the devastating impact of a sovereign debt default by Greece, the Prime Minister of Greece shocked world leaders and market analysts by announcing he...

  • Posted November 3, 2011
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  ConOil Posts Huge 3Q Numbers, Revenue Up 85.6%

  ConOil a leading indigenous player in the oil and gas sector is having a very productive year. According to their 3Q numbers, turnover is up 85.6% to N 120 Billion from only N 64 Billion a year...

  • Posted November 3, 2011
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  Mobil’s 3Q Earnings Incite Slumber

  Mobil Nigeria, the downstream arm of Mobil in Nigeria released its 3Q earnings today. Turnover was down marginally to N 44.9 Billion from N 45. 2 Billion over the same period last year. The firm managed to...

  • Posted November 2, 2011
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  Dangote Cement 3Q Results: Net Income Mushrooms Up N 92 Billion

  Dangote Cement, behemoth of the African building materials sector released its 3Q unaudited financial statements to the Nigerian Stock Exchange today. Turnover was up 19% to N 173.83 Billion from N 146.56 Billion at the end of...

  • Posted November 2, 2011
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  Fidelity Releases 3Q Earnings, Fails to Disappoint

  Fidelity Bank Plc has not disappointed with its unaudited 3Q numbers. Gross Earnings were up 15% to N 47 Billion from N 40.9 Billion at the end of September 2010. Profit before Tax was up 3% to...

  • Posted November 1, 2011
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  All Share Index Down Marginally in Day Trading

  The Stock Market ceased its five day consecutive winning streak as it returned to the bears today. The All Share Index shed 47 basis points today to close at 20,837.58. The banking sector went fully to the...

  • Posted November 1, 2011
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  Unity Bank 3Q Numbers Fail To Excite, Stock Down Big

  Unity Bank, one of the banks operating under the National banking license issued by the CBN, has released its 3Q results. Earnings fell 26% to N 30.8 Billion from N 41.6 Billion at 3Q, 2010. Profit Before...

  • Posted November 1, 2011
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  Cadbury 3Q Numbers In, Revenue and Profit Take A Hit

  Cadbury Nigeria Plc released its unaudited 3Q results today. The numbers were not striking as turnover plummeted 16% to N 20.7 Billion from N 24.7 Billion at 3Q, 2010 Profit before tax also fell to N 1.78...

  • Posted November 1, 2011
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