Get all the latest information on businesses and companies in Nigerian Stock Exchange.
In: News
19 May 2008UBA earns over N78billion in just 6 months. WEMA Bank divests from Great Nigeria Insurance. And for you beer-drinkers, Nigeria is the second largest beer market in Africa.
Results for John Holt, UACN Properties and Presco PLC JOHN HOLT PLC AUDITED RESULT FOR THE YEAR ENDED 30TH SEPTEMBER 2007 YEAR END SEPT 2007 2007 2006 TURNOVER N16.551b N11.927b PBT N95m (N376m) TAX (N57m) (N100m) PAT N38m (N476m) CLOSURE OF REGISTER 18TH JULY 2008 UACN -PROPERTY DEVELOPMENT PLC, UNAUDITED FIRST QUARTER RESULT FOR THE [...]
In: News
16 May 2008First Registrars, the registrars for First Banks 2007 Hybrid offer is to reissue certificates for the offer as there have been complaints from people not receiving their share certificates. Here is an excerpt of the report by ProShare : First Registrars Nigeria Limited, a subsidiary of First Bank of Nigeria Plc (FBN) may reissue share [...]
In: Market Analysis|News
16 May 2008Here is Meristem’s analysis of the stock market week ending today: STOCK MARKET BRIEF FOR THE WEEK ENDED FRIDAY MAY 16, 2008. Stock Market Bows by 0.16% Despite Juicy Corporate Results The capital market exhibited a cyclical behaviuor during the weak, deviating from last week’s upward trend. On the aggregate, The NSE All Share Index [...]
In: Market Analysis|News
16 May 2008Here is the Market Analysis as prepared by LeadCapital for this week. You can also read a copy here . LeadCapital Stock Market Analysis – Week Ended 16th May 2008 Banking Stocks, Others Unable to Lift Market Performance The market failed to sustain its bullish run as performance this week was characterized with bearish sentiments. [...]
In: company results|News
16 May 2008Below are the results for UBA, Sterling Bank and Equity Assurance: UBA PLC AUDITED HALF YEAR ACCOUNT FOR THE PERIOD ENDED MARCH 31, 2008 2008 2007 GROSS EARNINGS N78.103b N46.883b EXCEPTIONAL ITEMS (N1.740b) PBT N20.125b N11.761b TAX (N1.705b) (N996m) PAT N18.420b N10.765b PROPOSED DIVIDEND 25K PROPOSED BONUS 1 FOR 2 CLOSURE DATE 2ND JUNE TO [...]
In: News
15 May 2008Other business headlines: UBA Floats N3billion micro-finance bank. More foreign investors such as UBS of Switzerland, ABSA of South Africa and JP Morgan seeking investment opportunities in Nigeria. Trans-nationwide Express plans to raise funds from the stock market
In: Market Analysis
15 May 2008The site, Financial Nigeria , has a great post providing comparative data on the Nigerian Stock Exchange between Jan-April 2007 and Jan-April 2008. The summary is that: While market capitalization grew by 11.74% in this period in 2008, it grew by 59.70% same period last year. In the same vein, NSE index grew marginally by [...]
In: company results
15 May 2008Here is a list of companies expected to announce their results soon. Company Name Expected Result When 1 ACEN INSURANCE Full Year, Dec. 2006 Overdue 2 AIICO INSURANCE PLC 6 months,June 2007 Overdue 3 CONOIL PLC 9 months, Sep. 2007 Overdue 4 ADSWITCH PLC 6 months, Oct. 2007 Overdue 5 CADBURY NIGERIA PLC Full Year, [...]
BERGER PAINTS NIGERIA PLC , AUDITED ACCOUNTS FOR THE YEAR ENDED 31-12-2007 2007 2006 TURNOVER N2.275b N2.300b PBT N211.907m N110.386m TAXATION (N99.288m) (N28.708m) PAT N112.619m N81.678m CLOSURE DATE 9TH TO 12TH JUNE 2008 NOTE: AGM AT SHELL NIGERIA HALL OF MUSON CENTRE 8/9 MARINA LAGOS ON THE TUESDAY 8TH JULY 2008 AT 11.00A.M. IPWA PLC [...]
New company results for Oando, Consolidate Hallmark Insurance, Dangote Sugar, Poly Producs CONSOLIDATED HALLMARK INSURANCE PLC, 1ST QUARTER RESULTS FOR THE PERIOD ENDED 31ST MARCH 2008 1ST QTR MAR 2008 2008 2007 GROSS PREMIUM N714.155m N249.041m PBT N320.587m N85.343m TAXATION (N57.086m) (N400.000.00) PAT N263.500m N84.943m POLY PRODUCTS NIGERIA PLC UNAUDITED RESULT FOR HALF YEAR ENDED [...]
Here are reports that have been prepared by the various Stock Brokerage companies in Nigeria. I will try and post these reports every Monday. Zenith Securities Weekly Report Lead Capital Weekly Report FSDH Weekly Report NSE Pro Weekly Report CSL Weekly Report Afrinvest Forthnightly Report Meristem Securities Report
This blog is dedicated to informing users on the latest business and economic news news from the CBN and Nigerian Stock Exchange. Happy reading!