In a move that can be described as a boost for the nation's financial inclusion drive, Firstmonie the mobile payment solution from First Bank of Nigeria Ltd has just recently secured a grant of $12million US dollars from the Bill & Melinda Gates Foundatio
Unilever Nigeria Plc has notified The Exchange that its Board of Directors’ meeting is scheduled to hold on Friday, March 21, 2014 to discuss amongst other things, the corporate actions on proposed Dividend payment for the financial year ended, December 3
Today, CHAMS Plc recorded an impressive patronage from both investors and shareholders to close with a significant surge of 81.22% in daily average volume to close at 8.08million units against daily average volume of 4.5million units traded yesterday.
PZ Cussons Nigeria Plc (PZ) recently published its H1-14 results and announced interim and special dividends. We maintain our earnings forecasts, our 12-month target price (TP) of N49.78 and our BUY recommendation on the stock.
Nigerian Breweries Plc (NB) recently published its FY-13 results that showed an EPS growth of 13.2% yoy. We review our earnings forecasts, raise our 12-month target price (TP) to N162.04 from N159.41 and maintain our HOLD recommendation on the stock.
Today, ACCESS recorded a moderate loss of -0.5% as sell pressure towards the stock waned further, following a prolonged and active sell activities recorded in the recent weeks while investors sentiments appeared mixed so far in the week.
Today, UBN Plc recorded a moderate gain of +5.30% to close with upper breakout, extending the active gaining streak in the last 8 days with corresponding growing bullish volume as against the general bearish trend observed on the Nigerian bourse.
The Company has notified The Exchange that its Board meeting is scheduled to hold on Wednesday, March 12, 2014 to consider amongst other things, the draft audited accounts for the year ended December 31, 2013, to recommend the payment of dividend and an i
Ecobank shareholders meeting at an Extraordinary General Meeting today passed the Governance Action Plan proposed by the Board of Directors in compliance with the recommendations of the Securities & Exchange Commission (SEC) of Nigeria and contained in a
Today, TRANSCORP Plc plunged considerably, recording -9.80% loss to reverse the renewed moderate bargain trend observed recently as both investors and shareholders displayed strong pessimistic trading posture toward the stock.
Higher volumes drive sales growth. In its FY2013 results, Nigerian Breweries recorded sales revenue of N268.61billion i.e. an increase of 6.3% compared to N252.67billion posted in 2012. Also, the sales revenue recorded in the period is above our estimate
Transnational Corporation of Nigeria Plc (Transcorp) has announced it will pay a dividend for the first time in its history. This announcement is contained in the Group's audited and consolidated financial statements for the year ended December 31, 2013.
CALGARY, ALBERTA March 3, 2014 Oando Energy Resources Inc. (Oando Energy Resources or the Company) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced that, further to its press releases dated December
Sterling Bank Plc has notified The Exchange that the Board of Directors of the Bank is scheduled to hold a meeting on Tuesday, March 4, 2014 to consider the Audited Financial Statements of the Bank for the year ended 31st December, 2013
The Management of Cadbury Nigeria Plc addressed key capital market stakeholders through a Facts Behind the Capital Reduction presentation at The Nigerian Stock Exchange (NSE) on Thursday, February 27, 2014.
Today, WEMABANK Plc closed with an impressive gain of +6.80%, recording an upper breakout to extend the active gaining streak in the week with corresponding moderate bullish volume as against the general lacklustre trading pattern observed on the bourse.
Nestle Nigeria Plc (NESTLE), released its FY'13 results to the Nigerian Stock Exchange (NSE) yesterday, proposing a dividend of N24.00 per share, closure of register date is Monday, 28th of April 2014, while the Annual General Meeting is scheduled to hol
Forte Oil Plc has notified The Nigerian Stock Exchange that its Board of Directors will meet on Thursday, 27th March, 2014 to discuss, among others, the upcoming Annual General Meeting of the shareholders of the Company taking place on Friday, 28th March,
IHS Nigeria Plc has, through its Stockbroker � Atlas Portfolios Limited - notified The Nigerian Stock Exchange that it has obtained a Court Sanction in respect of the Scheme of Arrangement of IHS Nigeria Plc.
Today, OKOMU OIL Plc recorded an active bargain tendency to extend its price reversal trend with a bullish engulfing pattern, which suggests a significant positive change in market optimism towards the stock.
Abbey Building Society Plc has notified The Nigerian Stock Exchange that the company's Board of Directors will meet on Thursday 13th March 2014 to consider the company's audited financial statements for the year ended 31st December 2013.
Today, Access Bank Plc recorded a fresh moderate bargain tendency to halt the prolonged and sustained downtrend in the recent months. The stock ended bullish session with a moderate gain of +4.6% to retrace from 18months low of N7.64kobo recorded yesterda
PZ Cussons Nigeria Plc has notified The Nigerian Stock Exchange of the change of venue of the company�s forthcoming Extraordinary General Meeting scheduled to hold on Thursday, March 13, 2014 at 11:00.a.m. as follows:
Ecobank Transnational Incorporated (ETI) and ProCredit Holding Germany (PCH) has announced that they are in discussions with the view to ETI acquiring a majority stake in PCH’s Mozambican subsidiary - Banco ProCredit Mozambique (PCM). ETI has formally exp
Today, FBN Holdings Plc recorded another moderate loss of -2.50% to extend the prolonged downtrend while investors sustained unrelenting negative sentiment towards the stock in the recent months- an indication of bearish fundamentals.
Revenue decline persists, down 13% YoY: Guinness Nigeria Plc H1'14 (July to December) revenue fell 13% YoY to N52.8 billion from N60.9 billion. Guinness' topline figure came in significantly behind our forecast of N72.0 billion, as the company's Q2 quarte
Today, OKOMUOIL recorded a flat posture to halt a prolonged sell activities, following a lower breakout recorded yesterday in an oversold zone- an indication of waning sell pressure despite huge pessimistic trading witnessed during the bearish session.
Honeywell Flour Mills Plc (�HFM� or �the company�) recently released its 9M results to December 2013. The unaudited 9M results show an increase in revenues to ~N41.03billion, up by 24.19%, compared with ~N33.04billion recorded
Today, FIDELITY Bank Plc maintained an active reversal trend from an oversold region, extending the gaining streak in the last two days as investors engaged in active bargain hunting towards the stock, driven by renewed bargain sentiments as both investor