Monthly Archives: July 2015

LafargeHolcim: Results of the re-opened Public Exchange Offer

July 31, 2015/LafargeHolcim The Autorité des marchés financiers (the “AMF”) published today the final results of the re-opened public exchange offer initiated by LafargeHolcim Ltd (formerly Holcim Ltd) for the… Read more »

NSE Ends Week Down Driven by Selloffs, Excluding Cement Sector

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Friday declined 2.93 percent week-on-week (W/W) as all-share index (ASI) and market capitalisation closed at 30,180.27 basis points and… Read more »

Dangote Flour Reports N9.55 billion Loss in Q3 2015

By InvestAdvocate Lagos (INVESTADVOCATE)-Dangote Flour Mills Plc said on Friday it made a loss of N9.55 billion in its 2015 nine months period ended June 30  compared to N6.28 billion… Read more »

Buhari Appoints Kari As Commissioner For Insurance, CEO Insurance Commission

July 31, 2015/The Will President Muhammadu Buhari has appointed Alhaji Mohammed Kari as the Commissioner for Insurance and Chief Executive of the National Insurance Commission, a Presidency statement said Friday,… Read more »

Hallmark Insurance Proposes 2 Kobo per Share Interim Dividend in H1 2015

By InvestAdvocate Lagos (INVESTADVOCATE)-Hallmark Insurance Plc said Friday it has declared an interim dividend of 2 kobo per share to its shareholders in its first-half (H1) 2015 period ended June… Read more »

AXA Mansard Reports 37% Profit in H1 2015, Offers Investors 3 Kobo Interim Dividend

By InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, Axa Mansard Insurance Plc on Friday declared its profit after tax (PAT) for the half-year period ended June 30, 2015 grew 37 percent to N785.9 million… Read more »

Dangote Cement Says 2015 H1 Profit Rose 27.6%

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Cement manufacturer, Dangote Cement Plc said on Thursday its first-half (H1) 2015 profit rose 27.6 percent to N121.8 billion from N95.4 billion recorded the same… Read more »

Naira Rebounds in Parallel Market as Banks Reject Dollar Deposits

July 31, 2015/Thisday The naira, which had fallen sharply in the parallel market, staged a major recovery thursday, as it appreciated to a band of N225 to N230 to a… Read more »

Issuing houses call for review of transaction costs

The Association of Issuing Houses of Nigeria has called on the Securities and Exchange Commission to review the cost of transactions in the capital market. According to the association, by… Read more »

Infractions: BGL Group to face SEC committee

The Securities and Exchange Commission has said that BGL Group Plc, its subsidiaries and sponsored individuals will appear before the commission’s Administrative Proceedings Committee on August 4 and 5 in… Read more »