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Naira Gains First Day In Two Weeks As Bank Sells Dollars
The naira strengthened for the first time in two weeks after Nigeria’s central bank sold the most dollars in almost two months to support the country’s currency. The currency of Africa’s largest oil producer ...
Diamond Bank’s Q1 2012 Earnings Hit N 30.7 billion, Net Income N 5.3 billion
Diamond Bank reported its Q1, 2012 earnings to the Nigerian Stock Exchange earlier today. The company took in N 30.7 billion in Gross Earnings, up 48.5% YoY from N20.6 billion it made ...
Nigerian Stock Exchange Watch: Dangote Cement lifts ASI (+0.46%), Dangote Flour (+4.98%), Presco (+4.99%) are Stocks too Watch
The Market closed in the affirmative largely due to a gain of 250 basis points by Dangote Cement – the market’s most capitalized company. The ASI gained 0.46% to close at 22,524.67 ...
Naira Falls to Weakest in Two Months on Inflation Concern
Nigeria’s naira depreciated to the weakest in two months against the dollar after the country’s inflation accelerated. The currency of Africa’s largest oil producer declined 0.1 percent to 158.125 per dollar as ...
GlaxoSmithKline Q1 2012 Earnings at N 6 billion, up 28.7% YoY
Pharmaceutical company, Glaxosmith has reported its Q1 earnings for the period ended March 31st, 2012. The company made N 6.3 billion over the 3 months period in contrast to the N 4.9 ...
Nigerian Stock Exchange Watch: Bearish Sentiments Prevail, Dangote Flour (+4.91%) Still Upbeat
The Bears dominated the market today forcing the market to retreat 58 basis points as the All Share Index closed at 22,422.43. The banking sub-sector was entirely virtually in the red with ...
Nigerian Stock Exchange Watch: Market Dips 0.31%, Dangote Stocks Drive Bourse Performance
The Nigerian Stock Exchange dipped in today’s trading shedding 0.31% on the back of a bearish outing by the highly capitalized participants. Names such as First Bank (-1.77%), Zenith (-0.27%), Nigerian Breweries ...
Mobil Q1 2012 Earnings: Net Income Down 57% YoY
Mobil recently reported its Q1, 2012 earnings. Headline revenue was up 22% to N 17.7 billion from N 14.5 billion over Q1, 2011. Additional income was reported at N 5 billion, up ...
Custodian and Allied Insurance Q1 2012 Earnings, Gross Premiums Top N 3.5 billion
Custodian and Allied Insurance recently reported its q1, 2012 earnings. Gross Premiums earned over the period topped N 3.5 billion up 16% from the N 3 billion it earned over the same ...
Sterling Bank Reports Q1, 2012 Earnings of N 17 billion, Net Income of N 1.3 billion
Sterling Bank recently reported its first quarter earnings. The bank took made N 17 billion in gross earnings, up 78.8% from the N 9.6 billion it made in Q1, 2011. Interest income ...
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