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The share price of NIGERIAN WIRE INDUSTRIES PLC (NIGWIRE) was place on technical suspension today April 28, 2008 following the receipt of an application for Rights Issue at N1.50k per share.
In: Market Analysis
25 Apr 2008Click here for the Fact Behind The Figures presentation by AP.
Here is a Fact Behind The Figures presentation by FCMB’s MD, Ladi Balogun. Some highlights: -The company believes that the sub-Saharan region is well placed to withstand the worsening global environment. -CBN has directed all banks to streamline their financial year ends to December 31st. This will heighten competition and favours the dynamic and differentiated [...]
In: News
25 Apr 2008DEAPCAP: HALF YEAR MARCH 31 2008 DEAP CAPITAL MGT & TRUST PLC. 2ND QUATER RESULTS ENDED 31-03-08. TURNOVER 08 N755.9M 07 N220.7M PBT 08 N496.85M 07 N87.13M TAXATION 08 (N74.5M) 07 (N11.29M) PAT 08 N422.32M 07 N75.84M
In: Market Analysis|News
25 Apr 2008UTC: YEAR END 2007 UTC NIGERIA PLC. 2007 AUDITED ACCOUNT. TURNOVER 07 N1.46B 06 N0.951B EI 07 NIL 06 N101.0M PBT 07 N40.1M 06 N54.3M TAXATION 07 (N2.6M) 06 (N1.75M) PAT 07 N37.56M [...]
Meristem Securities provided an analysis of the Flour Mills of Nigeria. The analysis /research is available at here. Here are the main points: FLOUR MILLS OF NIGERIA PLC: EQUITY RESEARCH REPORT Executive Summary -Flour Mills of Nig. Plc operates one of the most broad-based and diversified portfolio of industrial products in Nigeria having successfully weathered [...]
These 3 articles/presentations provide an analysis of the Nigerian Insurance Sector – Presentation on Nigerian Insurers In The Global Marketplace – A thorough review of the Insurance sector by Afrinvest Securities.Afrinvest Review of the Insurance Sector – A presentation on Insurance Firms and Capital Market Opportunities By Proshare.Proshare Presentation On Insurance Sector
There has been some discussion on whether a stock market crash is imminent. Meristem Securities has prepared a wonderful paper on this topic. It’s conclusion is that there are no signs to point to an imminent stock market crash.
FSDH has prepared a report on both Skye and Oceanic Banks. Both banks recently released impressive results for the quarter just ended. Here are a few facts: Skye Bank Review – Gross Earnings increased by over 60% to N27.6billion – Profit Before Tax increased 282% to N7.7billion – Profit After Tax increased 337% to N7.6billion. [...]
It’s been a while since anything substantial has been posted on this blog – at least 4 weeks. Part of the reason was that I was out of the country with limited access to the Internet. Henceforth, the major emphasis of this blog will be to provide information on businesses and companies listed on the [...]
This blog is dedicated to informing users on the latest business and economic news news from the CBN and Nigerian Stock Exchange. Happy reading!