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In: business| special reports
16 Dec 2009Here is the 2010 version of the anual <a href=”http://www.doingbusiness.org”>Doing Business</a> In West Africa report. It ranked the countries on contract enforcement, ease of setting up a business, administrative bottlenecks etc.
Ghana came in first in the region. Nigeria was second.
Doing Business In West Africa Report 2010 (79)In: business
21 Apr 2009SW8 is now the main investor in Wema Bank. Here is the report from Bloomberg:
Reuters news is reporting that Access Bank and First Bank will be adopting the International Financial Reporting Standards (IFRS).
Here are some of the major news stories from the past week:
Courtesy of Investor Delight, here is the stock market report for the week ended October 31st 2008:
Here are the main news stories for this week. Since some are very long, I decided to use highlight and bullet the main points to make for easier reading:
Monday, October 20th:
Foreign Banks Grant Intercontinental Bank $2 Billion Confirming LineSource – AllAfrica Posted to the web on Oct 20, 2008
More leading global financial institutions have established [...]
Results for Ikeja Hotel, Nampak Nigeria, and Crusader Insurance
IKEJA HOTEL PLC,
AUDITED RESULT FOR THE YEAR ENDED 31-12-2007
2007
2006
TURNOVER
N5.282b
N4.642b
PBT
N1.088b
N852.766m
TAX
(N390.834m)
(N326.822m)
PAT
N697.751m
N525.944m
PROPOSED DIVIDEND 10K
CLOSURE DATE JUNE 23 TO 27TH 2008
PAYMENT DATE JULY 28TH 2008.
NAMPAK NIGERIA PLC
HALF YEAR UNAUDITED RESULTS FOR THE YEAR ENDED 31-03-2008
2008
2007
TURNOVER
N1.436b
N1.439b
LOSS/PBT
(N122.558m)
N139.822m
TAX
N38.088m
(N29.054m)
LOSS/PAT
(N182.991m)
N61.740m
CRUSADER INSURANCE PLC
AUDITED [...]
Analysis of Results of Total and Nigerian Breweries
In: News| business| stock exchange
17 Jun 2008Stock picks and market overview from FSDH, Zenith Securities, and BGL Securities:
In: Market Analysis| business
11 Jun 2008Vetiva Capital prepared a report on the Nigerian insurance sector and here are some of the highlights:
1. Increasing focus on developing the non-oil sector, combined with growth in key sectors such as Telecoms and Building Construction have boosted non-oil sector earnings and growth.
2. A look at the growth patterns and trend of the insurance industry [...]
Industrial and General Insurance (IGI) has acquired stakes in the Rwandan insurance firm , Society Nouvelle d’Assurance du Rwanda (SONARWA) . Here is the story as reported by Business Day Online:
Nigeria ’s Industrial And General Insurance Plc (IGI) has acquired 35 percent majority stake in Society Nouvelle d’Assurance du Rwanda (SONARWA), Rwanda ’s largest insurance [...]
In: News| business| company results
10 Jun 2008Results for Big Treat, Niger Insurance and Prestige Assurance:
BIG TREAT PLC.
2007 AUDITED ACCOUNT FOR YEAR END MAR 2008
2007
2006
TURNOVER
N3.0B
N1.58B
PBT
N353.2M
N154.6M
TAX
N107.3M
N23.55M
PAT
N245.86M
N131.0M
DIV – 10K.
C/DATE 07/07/08
P/DATE 18/07/08.
NIGER INSURANCE PLC
AUDITED FULL YEAR ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2007
2007
2006
TURNOVER
N3.874b
N3.138b
PBT
N835.282m
N750.788m
TAX
(N178.257m)
(N161.196m)
PAT
N657.025m
N589.592m
PROPOSED DIVIDEND 15K
CLOSURE DATE 23RD JUNE 2008
PAYMENT DATE 31ST JULY 2008
AGM: 38TH ANNUAL GENERAL MEETING THURSDAY 10TH JULY 2008 AT 11.00 A.M [...]
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