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in DIVIDENDS - 09 Oct, 2014
by Nairametrics - 9 comments
dividends

As audited accounts start to trickle in companies will propose dividend payments to their shareholders as recommended by their respective boards. It is also important to track this announcements as dividend payment affect share prices both ways and also determines who is eligible for dividend based on closure of register. This page will be updated […]

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in BUSINESS NEWS - 23 Oct, 2014
by Nairametrics - no comments

A Washington Post article quotes the U.S. Treasury Department as saying Islamic State militants are earning about $1 million a day just from black market oil sales. David Cohen, who leads the department’s effort says that except for state-sponsored terrorist groups, the Islamic State group is probably the best-funded terrorist organization the Treasury Department has […]

in COMPANIES - 21 Oct, 2014
by Nairametrics - no comments

Presco Plc has announced that it is currently in the process of raising N3 billion via a Rights Issue. Proceeds of the Rights Issue is expected to be used to reduce the Company’s debt and foreign exchange exposure. Presco currently has debt of about N5.2billion  with Zenith Bank, UBA and IBTC as creditors. Here Is What […]

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in COMPANIES - 21 Oct, 2014
by Nairametrics - no comments

Beta Glass just issued a press release confirming that it is exploring several approaches from a “variety of investors expressing their interest in a wide range of strategic options, such as joint ventures, minority participations or even full acquisition of the business.” – read more >>Other Related Posts:This Stock Has The Potential To Be Worth Twice […]

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in COMPANIES - 21 Oct, 2014
by Nairametrics - no comments

Reports suggest Dangote Cement has been granted 5-year approval for a 27 hectare pozzolan quarry in Tombel in South West Cameroon. It is expected that the raw materials excavated from the quarry will help the company produce Cement. The plant is expected to produce 1 million tonnes of cement per annum helping Cameroon achieve over […]

in BUSINESS NEWS - 21 Oct, 2014
by Nairametrics - no comments

The CEO of French oil company Total, Christophe de Margerie died in a plane crash at a Moscow airport after his private jet struck a snow plough on takeoff. Total confirmed the death of the 63-year-old early on Tuesday. Russian investigators said Tuesday the driver of the snowplough was drunk. – read more >>Other Related […]

in ANALYSIS - 21 Oct, 2014
by Nairametrics - no comments

The stock market staged a rebound today closing higher with a 1.22% gain and snapping a ten day losing streak that saw the index drop to below 38,000 points. Many stocks lost significant values in its wake as investors reacted negatively to the global market sell offs as well as drop in crude oil prices. […]

in BUSINESS NEWS - 20 Oct, 2014
by Nairametrics - no comments

The Nigerian All Share Index appears to have snapped a 5 days losing streak after it closed higher today gaining 1.22%. It appears the market sell offs that happened last week has abated with most stocks gaining after recording major losses. – read more >>Other Related Posts:You Probably Should Have Bought These Stocks Last WeekB-L-O-O-D-Y […]

in COMPANIES - 20 Oct, 2014
by Nairametrics - no comments

The Vice Chairman, House of Representatives Committee on Capital Market, Chris Emeka Azubogu is sponsoring a bill that seeks to compel  private companies with turnover of N80billion or shareholder’s fund of over N40billion, who are not currently listed on the Nigerian Stock Exchange (NSE) to do so. The bill has generated much controversy despite the […]

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in BUSINESS NEWS - 20 Oct, 2014
by Nairametrics - no comments

The Deputy Governor of the CBN Dr Sarah Alade reeled out some data on Nigerian banks which I thought was important to note. Here are the key ones. 1. Banks’ NPLs increased by 16.36 per cent, up from N344.26bn recorded in August 2013 to N400.57bn in the same period of this year. NPL’s ratio is […]

in STOCKS - 20 Oct, 2014
by Nairametrics - no comments

Last week all the stocks on our watch list had significant price movements as expected. We had included Oando, Access Bank, Seplat, Forte Oil and Nigerian Breweries on our watch list. Last Week’s Watch list   This week we have identified the following stocks for our watch list. – read more >>Other Related Posts:You Probably […]

in PODCASTS - 20 Oct, 2014
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On our new episode of MoneyMetro Podcast our analysts discuss macroeconomics events in the past week, the stock market sell offs as well as express their opinions on company earnings released last week. We also discuss SEC’s investigation of Access Bank. This as another exciting episode and one I am sure you will thoroughly enjoy. – […]

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in CORPORATE DEALS - 19 Oct, 2014
by Nairametrics - no comments

Leading Phamarcy HealthPlus Ltd and CasaBella International Ltd have  reached an agreement with the International Finance Corporation (IFC,) a member of the World Bank Group to provide a $5million loan facility to help the companies expand pharmaceutical and personal care services in Nigeria. – read more >>Other Related Posts:Official: FCMB secures $150m loan facilityOfficial: Skye […]

in FAMILY - 19 Oct, 2014
by Nairametrics - no comments

Uyi and his wife just got back from a friend’s house warming where they had so much fun eating, drinking and sharing jokes. They share a special bond with their friend and couldn’t be happier seeing their friend fulfill a livelong dream of owning a home. Uyi had thought about buying a home too and […]

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in RESULTS - 19 Oct, 2014
by Nairametrics - no comments

GUINEA INSURANCE PLC: UNAUDITED FINANCIAL STATEMENTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2014 Gross Premium Written – [2014 9 Months N776.6m]        [2013 9 Months N1.0b]   (-22% YoY) (loss)/Profit After Tax – [2014 9 Months (N187.0m)]         [2013 9 Months N31.5m] – read more >>Other Related Posts:2014 9 […]

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in RESULTS - 19 Oct, 2014
by Nairametrics - no comments

FORTE OIL PLC: UNAUDITED RESULTS AS AT SEPTEMBER 30 2014  Turnover -  [2014 9 months : N122,580,687,000]     [2013 9 Months : N92,125,411,000]    (+33.06% YoY) Profit After Tax - [2014 9 months: N4,015,918,000 ]    [2013 9 Months: N2,737,102,000]   (+46.72% YoY) – read more >>Other Related Posts:2014 9 Months Results: Berger Paint Post 46% Drop in…2014 9 […]

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