Nigerian Equity Markets

Nigerian Equity Markets | 03 Nov 2015: OANDO Appreciates 8.7% after 7 Days of Decline …NSE ASI Wanes 29bps

Posted on by The Editorial Team
Nigerian Equity Markets | 03 Nov 2015: OANDO Appreciates 8.7% after 7 Days of Decline …NSE ASI Wanes 29bps

Lagos, Nigeria, Capital Markets in Africa — Sell pressure on the Nigerian bourse was sustained during trade today as the broader index closed 0.3% lower to settle at 29,052.87pts; thereby pushing YTD return (-16.2%) further into the negative territory. Market capitalization equally fell N28.9bn to N10.0tn. However, the decline in performance was majorly due to depreciations in Banking counters – GUARANTY (-2.3%) and ETI (-3.7%). Market activities — a measure of volume and value of shares…

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OANDO PLC announces FYE 2014 results, posts NGN 425.7 billion top line revenue

Posted on by The Editorial Team
OANDO PLC announces FYE 2014 results, posts NGN 425.7 billion top line revenue

Lagos, Nigeria, Capital Markets in African — Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced audited results for the twelve months period ended 31 December, 2014, with the following highlights: Financial Highlights:    –   Turnover decreased by 7%, N425.7billion compared to N457 billion (2013)    –   Gross Profit increased by 17%, N69.8billion compared to N59.4 billion (2013)   …

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