Get all the latest information on businesses and companies in Nigerian Stock Exchange.
Vetiva 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 [...]
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 [...]
Results 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 [...]
Intercontinental Bank has release results for FY ’08 . And has become the norm, declared some humongous profits. The results and the statement from the bank are below: INTERCONTINENTAL BANK PLC. 2008 AUDITED ACCOUNT. 2008 2007 TURNOVER N173.5B N87.3B PBT N45.6B N22.5B TAX N10.8B N7.0B PAT N34.7B N15.4 Intercontinental Bank Consolidates Leadership Position With Asset [...]
For those who partook of the Bank PHB offer, you can expect your share certificates in the mail anytime soon. Here is the story as published by Proshare NG: First Registrar dispatches Bank PHB 2007 IPO share certificate First Registrars Nigeria Limited, Registrars to the PlatinumHabib Bank Plc (BANK PHB) 2007 Initial Public Offer (IPO) [...]
For those who bought AIICO’s shares during the public offer about 6 months ago, this should be good news. The company is ready to dispatch the share certificates . Here is the news story: Aiico Insurance Plc, (AIICO) has sealed about 10,000 share certificate and ready for onward dispatch to investors through United Securities Limited; [...]
Results for Nigerian Bottling Company and Big Treat PLC. NIGERIAN BOTTLING COMPANY PLC UNAUDITED Q1 RESULT FOR THE PERIOD ENDED 31 MAR 2008 2008 2007 CHANGE % CHANGE N’b N’b N’b % TURNOVER 19.400 17.600 1.800 10.23 PROFIT BEFORE TAX 1.400 1.300 0.100 7.69 TAXATION 0.313 0.288 -0.025 -8.68 PROFIT AFTER TAX 1.164 1.042 0.122 [...]
Proshare NG is reporting that Mr. Osa Osunde is taking over as Chairman at Afribank replacing Aliyu Kola Belgore who retired as Chairman after 8years. Here is the report as well as the profile of the management team: In line with its growth plan to constantly re-invent the bank for optimal performance, the Board of [...]
JULIUS BERGER NIGERIA PLC YEAR ENDED DECEMBER 31, 2007 2007 2006 TURNOVER N79.073b N56.868b PBT N3.152b N2.204b TAX (N1.384b) (N1.085b) PAT N1.768b N1.119b NORMAL DIVIDEND 125KOBO SPECIAL DIVIDEND 375KOBO PROPOSED BONUS ISSUE 3 FOR 1 CLOSURE OF REGISTER AUGUST 7, 2008 PAYMENT DATE AUGUST 21, 2008 EQUITY ASSURANCE PLC AUDITED ACCOUNTS FOR THE YEAR ENDED [...]
The world Bank prepared a report on Doing Business in Nigeria . And I must admit, it is not too encouraging. The report considered the time required to start a new business, the cost of starting a new business, the bottle necks to starting a new business, and law enforcement. The report compared the major [...]
Here is some information on the top banks in Nigeria as prepared by Reuters: ACCESS BANK One of Nigeria’s fasting growing banks, with more than 80 branches around the country. Began operations in 1989. Announced in May it had bought stakes in Banque Privee du Congo, Rwanda’s Bancor Bank and Omnifinance Bank of Ivory Coast. [...]
Below is the stock market review for the week ended, May 30th, 2008 as prepared by Lead Capital, FSDH, and Zenith Securities.
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