Investors NewsBeat

  1. Dangote Sugar Refinery plans expansion, empahsizes backward integration


    Dangote Sugar Refinery concluded its 6th Annual General Meeting (AGM) today. Noticeable was the deliberate emphasis placed on explaining to shareholders about the various actions being undertaken to improve the fortunes of the company.

  2. Redasel Investment Limited announces change of Address


    Please be informed that Redasel Investment Limited has relocated its Lagos address

  3. International Energy Insurance Plc appoints new Registrar PAC Capital & Trust Ltd


    International Energy Insurance Plc. has notified The Exchange that it has changed its Registrars to PAC Capital and Trust Limited with effect from March 05, 2012. Prior to this appointment, PHB Capital & Trust Limited (Registrars) has acted in that capaci

  4. Sterling Bank concludes AGM, Prioritises focus on Corp Banking and Agriculture


    Sterling Bank Plc recently held its 50th Annual General Meeting (AGM). Apart from the conventional election of new members to the board of directors, the focal point of the meeting from shareholders perspective was the yearning for incorporation of younge

  5. Golden Securities Limited appoints Babatunde Oyedele Oyediran MD/CEO


    The Company, a Dealing Member Firm, has notified The Exchange of the appointment of a new Managing Director and is seeking approval.

  6. NPF Microfinance Bank Plc announces closure date


    Please note that the proposed dividends of 2 kobo per share, together with the audited financial statements, were presented to the market on April 10, 2012.

  7. Daar Communications Plc & Investors – Implications!


    It was reported in the news today that Daar Communications Plc, on Monday, lost in its bid to ‘address’ the payment of the N7.5bn judgment sum handed against it in favour of Fidelity Bank Plc.

  8. Omatek Ventures Plc: Pre-AGM Emergency Board Meeting


    The Company has notified The Exchange that the Pre-AGM Emergency Board of Directors’ Meeting will take place on Monday, 14th May, 2012 at 11.00 a.m.; at the VIP Rooms 1 & 2, Golden Gate Restaurant, situate at 25b, Glover Road, Ikoyi, Lagos.

  9. Ecobank already has $2 billion for its African Expansion Fund


    Further to a recent publication that Ecobank Transnational Inc. may raise $2 billion by June 2013 as it seeks further expansion in the continent; investigations have revealed that this may not be an accurate reportage of events.

  10. Tantalizers Plc declares 2 kobo dividend in ’11 Audited result


    Tantalizers Plc declares 2 kobo dividend in ’11 Audited result

  11. Earnings Flash:UACN Property Development Company Plc - Q1 ended 31st March, 2012


    UAC Property Development Company Plc (UPDC) recently released Q1 2011 results, reporting a 117% YoY revenue growth to N2.58billion--in line with our N2.55 billion forecast. The significant YoY rise however partly reflects a 42.6% readjustment in Q1 2011 r

  12. Earnings Flash: Mobil Oil Plc - Q1 ended 31st March, 2012


    Mobil Oil Plc’s (Mobil) financial performance in the three months ended March 30th 2012 showed a pickup in its sales volumes with a YoY and QoQ revenue growth of 22.1% and 3.4% respectively to N17.7 billion – surpassing our forecast by 7.6%. As with Total

  13. Berger Paints Plc declares 70 kobo dividend in ’11 Audited result


    Berger Paints Plc declares 70 kobo dividend in ’11 Audited result

  14. Aiico Insurance Plc declares 6 kobo dividend in ’11 Audited result


    Aiico Insurance Plc declares 6 kobo dividend in ’11 Audited result

  15. Skye Bank Plc changes closure date


    Please note that this information has been communicated to the market on April 16, 2012. However, the bank through its letter to The Exchange dated April 30, 2012 made amendments to the dates. This information therefore supersedes the one of April 16, 201

  16. Nigeria's Dangote eyes London listing by Q3 2013


    Nigerian billionaire Aliko Dangote said on Thursday he was aiming to list his $11 billion cement company on the London stock exchange by the third quarter of 2013.

  17. Shareholders task Cadbury on payment of dividend


    SHAREHOLDERS of Cadbury Nigeria Plc, yesterday, in Lagos, advised the board of the company to consider payment of dividend as part of strategies to successfully restore investors’ confidence.

  18. Earnings Flash: Dangote Cement Plc - Q1 ended 31st March, 2012


    Dangote Cement Plc reported a 17.6% YoY rise in Q1 2012 revenue to N64.1 billion. According to management, YoY revenue growth was driven by volume increases of 11% to 2.4 MMT, YoY, with locally produced cement up 38% to 2.2MMT—highlighting production at i

  19. Earnings Estimate Report: FCMB Plc - Q2 ended 30th June, 2012


    •FCMB expects revenue of N26.3 billion which is a mild 3% improvement on Q1 2012 results. The rate environment should remain favourable for industry revenues but for FCMB growth will also reflect the impact of the Finbank acquisition. If FCMB’s estimates

  20. NAHCO seeks fresh capital, records N101.481m profit in Q1


    To further consolidate on the company's ongoing diversification agenda, National Aviation Handling Company (NAHCO) Plc has concluded plans to raise fresh capital.

  21. Omatek Ventures Plc Changes Venue of Annual General Meeting


    The Company has notified The Exchange that its combined 2nd and 3rd Annual General Meeting earlier scheduled to take place at De Renaissance Hotel, 172 Obafemi Awolowo Way; Ikeja Lagos on Thursday, 17th May 2012 at 11.00 a.m. will now take place at Golden

  22. Nigeria Ropes Plc Changes AGM Details


    The Company has notified The Exchange that its 31st Annual General Meeting earlier scheduled to take place on 19th June, 2012; at the Company's Premises, 66/68, Eric Moore Road, Surulere, Lagos, will now take place on 20th June, 2012; at Mainland Hotel, 2

  23. Total Nigeria Plc announces Board Meeting tops agenda


    The Company has notified The Exchange that the Board of Directors of Total Nigeria Plc. is scheduled to meet on Wednesday, June 13, 2012 at the Board Room, Muson Center, Onikan, Lagos Island, Lagos at 8.00 a.m.

  24. Guinness Nigeria Plc appoints MS Yvonne Ike Non-Executive Director


    The Company has notified The Exchange that the Board of Directors of Guinness Nigeria at its meeting of Thursday, 26 April 2012 accepted the resignation of Mrs. Ifeoma Mafeni from the Board of Directors of the Company with effect from 13 April 2012. Until

  25. Transcorp hinges future growth on strategic investments


    A statement from the company on Monday, quoted him as saying that the various investment and strategic decisions undertaken by the company had begun to pay off for the business.

  26. First Bank’s Restructuring plans and priorities


    Speaking at the Nigerian Stock Exchange on the occasion of the Facts behind the figures of the bank, the General Managing Director, Bisi Onasanya stated that while the banking business will remain, the divestment from Registrar business would be finalized

  27. Earnings Flash: Zenith Bank Plc - Q1 ended 31st March, 2012


    Zenith Bank Plc reported a 33% YoY rise in revenue to N72.4 billion for Q1 2012; decomposed into N66.7 billion and N5.7 billion from its continuing and discontinued operations, respectively. The bank had earlier announced plans to divest its non-banking s

  28. Earnings Flash: GT Assurance Plc - Q1 ended 31st March, 2012


    Guaranty Trust Assurance Plc recently released its Q1 2012 financial performance, reporting a 22% YoY growth in gross premiums to N5.3 billion, 4% lower than our N5.5 billion forecast. While the financials as released do not provide the required detail, w

  29. Earnings Flash: AIICO Insurance Plc - FY ended 31st December, 2011


    AIICO Insurance Plc releases its FY 2011 financial report

  30. Earnings Flash: Access Bank Plc - Q1 ended 31st March, 2012


    For Q1 ended 31st March, 2012, Access Bank Plc reported a ~143% YoY rise in revenue to N62.6 billion; underpinned by a 170% and 63% rise in interest and non-interest income to N52.1 billion and N10.5 billion respectively. arnings Flash: Access Bank Plc -

  31. Earnings Flash: Total Plc - FY ended 31st December, 2011


    Total Plc’s (Total) financial performance in the 12 months ended December 31st, 2011 reflected a moderation in its sales volume. The company posted an 8.3% YoY and a 4.2% QoQ increase in revenue to N44.1 billion bringing FY sales to N173.9 billion, 4.2% b

  32. Earnings Flash: Guinness Nigeria Plc - Q3 ended 31st March, 2012


    Guinness turnover for the 9months ended March 31st 2012 grew a tepid 2.5%YoY to N92billion on the back of slower volumes, even as sales continued its single digit run so far this year

  33. Earnings Flash: Ecobank Transnational Inc - 3 months ended 31st March, 2012


    Ecobank Transnational Incorporated (ETI) reported results for the 3 months to March 2012 which showed 58% YoY growth in turnover to ~N71.2bn. However, PBT and PAT came in at ~N7.9bn and N5.6bn, indicating YoY declines of 10% each way

  34. Earnings Flash: First Bank Plc - 3 months ended 31st March, 2012


    First Bank Plc (FBN) reported 42% YoY growth in turnover to N92.3bn for the 3 months to March 2012. PBT and PAT came in at N29 billion and N24.7 billion, indicating YoY growth of 102% each.

  35. Earnings Flash: Lafarge Wapco Plc - Q1 ended 31st March, 2012


    Lafarge WAPCO Plc reported a 59.3% YoY rise in Q1 2012 revenue to N22.6 billion falling in line with our N22.4billion forecast, with growth significantly ahead of its 5-year average rate of 11.8%.

  36. Earnings Flash: First City Monument Bank Plc - Q1 ended 310312


    FCMB reported gross earnings of N26billion for 3 months ended 31 March 2012; a 61% YoY growth. PBT and PAT were 55% and 98% higher YoY respectively at N4.4 billion and N4.1 billion.

  37. IHS opens Africa’s largest solar powered cell site


    IHS Africa, a major telecommunications infrastructure provider with headquarters in Nigeria and operations across sub-Saharan Africa, has successfully opened the largest solar-powered cell site (“cell site”) in Africa dedicated to the telecommunications i

  38. Earnings Flash: Nestle Nigeria Plc - Q1 ended 310312


    Nestlé’s Q1 2012 turnover grew ~41% YoY to N28.7billiion--a marked acceleration from its 5 year average growth of ~19% for that period-- largely on the back of stronger volumes growth than anticipated, thus beating our, and management’s, forecast by 13% a

  39. FCMB: Notice of Annual General Meeting


    Notice is hereby given that the 29th Annual General Meeting of First City Monument Bank Plc (FCMB) will be held at the Shell Hall, MUSON Centre, Onikan Lagos on Monday, May 21, 2012 at 11 a.m.

  40. UBA explains modification of plans


    Further to the realisation of N16 billion as against a forecast of N15.1 bilion in Q1 2012, the Group Managing Director of UBA Plc, Mr. Phillip Philips Oduoza stated, “The future looks bright for UBA.”


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