All posts by Afolabi Ogunde

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  Dangote Sugar Releases Weak 3Q Results

  Dangote Sugar, subsidiary of the world famous Dangote group has released its 3Q earnings that are sure to leave a bad taste in the mouth of its investors. The leading manufacturer of the raw ingredient used to...

  • Posted November 1, 2011
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  Nigerian Stock Exchange Extends To 5th Day of Gains

  The Nigerian Stock Exchange has increased its four day consecutive winning streak by one today, as it inched up marginally by 15 basis points bringing the All Share Index to 20,934.96. The performance in the banking sector...

  • Posted October 31, 2011
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  UACN Posts 3Q Results, Net Profit Up 9%

  UACN Plc, Nigeria’s leading and most diversified conglomerate reported its 3Q earnings today. Gross Earnings were up 20% from N 37 Billion in 3Q 2010 to N 44.6 Billion at the end of September. Profit Before Tax...

  • Posted October 31, 2011
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  Total Nigeria Plc To Pay Interim Dividend

  Total Nigeria Plc will be making an early Christmas gift available to its equity investors. The company has announced payment of an interim dividend of N 2.00 per share. Total also recently declared its 3Q 2011 earnings...

  • Posted October 31, 2011
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  Dangote Group Subsidiary Nascon Reports 3Q Results

  A subsidiary of the Dangote Group, National Salt company of Nigeria (NASCON) has released its tird quarter earnings, declaring a profit for the 9 months ending September 2011. The company reported a growth in revenue of 11%...

  • Posted October 31, 2011
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  The Return of The Bulls, All Share Index Gains Big This Week

  The All Share Index has emerged the toast of investors this week appreciating for the fourth consecutive day as the exchange appreciated 1.44%, bringing the weekly performance to 3.19 and closing the Index at 20,903.16. Across the...

  • Posted October 28, 2011
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  Earnings Flash: Stanbic IBTC 3Q Earnings Released

  Stanbic IBTC reported a 20.6% improvement in gross earnings which are N 49.5 Billion up from N 41.1 Billion at the close of Q3, 2010. Provisions for losses were up 211% to N 1.1 Billion from N...

  • Posted October 28, 2011
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  Diamond Bank Posts Loss In 3Q Earnings Numbers

  Diamond Bank has reported a loss for the period ending September 2011 due to corporate restructuring exercises including making more funds available for potential debt defaulters. Earnings were up a marginal 1.9% to N 68 Billion from...

  • Posted October 28, 2011
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  Earnings Flash: Ashaka Cement 3Q

  Ashaka Cement is a listed subsidiary of Lafarge Group –the world leader in building materials based in France and with operations across 78 countries. Ashaka Cement has released numbers that send mixed signals out to the market,...

  • Posted October 28, 2011
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  Eurozone Crisis Update: Accord Reached, China is White Knight

  Europe’s leaders have made significant progress in an accord to resolve the regions festering economic crisis. Eurozone leaders have agreed to have bankers write-off 50% of their exposure to toxic sovereign debt issued by troubled countries including...

  • Posted October 28, 2011
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