Tuesday, August 14, 2012 / The Analyst / Proshare Research

Companies in the NEWS Today – Total Nigeria Plc and Sterling Bank Plc

Total Nigeria Plc said it has invested about $10billion in Nigeria in the last 5 years adding that other milestones include its involvement in 50 oil and gas permits in the country. The company has also entered into a corporate partnership with Google and Massachusetts Institute of Technology, MIT to develop a new curriculum and teaching method in Nigeria.



Total share price recorded +7.51% gains in 2008 while it went down by -23% in 2009. It resumed uptrend as it recorded a whopping +57.05% gains in 2010. The stock sheds -19.62% in 2011 while it further went down by -31.95% in 2012. In its Q2 ’12 financials, it recorded positive growths in both turnover and PAT.

Sterling Bank Plc has stated its commitment to empower Nigerians through investing in human development and wealth creation. Group Head, Corporate Development of the bank Mr. Shina Atilola spoke at the end of the Fate Foundation series sponsored by the bank. His words: “it is the Banks desire to see every Nigerian youth gainfully employed and be able to make a living without looking for jobs”.



The financial institution share price closed 2008 and 2009 negative with -66.76% and -49.17% losses, part of the losses were erased in 2010 with +87.80% price appreciations recorded while the stock witnessed and closed the year 2011 with -56.28% price depreciation. In 2012, the stock has witnessed +9.90% price appreciations.

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