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CBN Direct Banks With High Non-Performing Loans Not Pay Dividend

February 19, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) and Discount Houses with high Non-Performing Loans (NPLs) not pay dividend to… Read more »

Nigerian Breweries Q4’17 Result: Slide in Net Finance Cost Supports Bottom Line performance

16/2/2018/InvestmentOne Report ·         Mixed topline growth: up +21.98% q/q; down -1.27% y/y ·         Mixed gross margin: up +659.9bps q/q; down -86.8bps y/y ·         Contraction in opex to sales ratio: down -592.9bps q/q;… Read more »

Nigerian Breweries Reports Q4 2017 Results – Gross Margin Fell By 87bps YoY to 41.0%

Culled—Proshare February 16, 2018/FBNQuest  Event: Nigerian Breweries reports Q4 2017 results Implications: Downward revisions to consensus 2018 PBT forecast likely  Positives: Limited, a 15% y/y reduction in net finance charges… Read more »

Lafarge Set for Board Meeting to Propose Dividend Payout to Investrors

February 14, 2018/NSE In compliance with Rule 19.2(b) of the Nigerian Stock Exchange Post Listing Requirements, we hereby notify the Exchange of the Board meeting of Lafarge Africa Plc scheduled… Read more »

LAWUNION Board Approves 2017 Result, Declares Dividend Payment

February 13, 2018/NSE This is to notify The Nigerian Stock Exchange that the Board of Directors of Law Union Rock Insurance Plc met on Tuesday, 13th February 2018 to consider… Read more »

Guinness Nigeria Q2 2018 Results Review – PT and Underperform Rating Unchanged

Culled—Proshare February 8, 2018/FBNQuest Research      Increase to earnings estimates; PT unchanged Guinness Nigeria’s (Guinness) Q2 2018 (end-Dec) results were stronger than we expected. Although sales were in line and… Read more »

Flour Mills Reports 39% Growth in Q3′ 17 Pretax Profit

February 6, 2018/NSE Flour Mills of Nigeria PIC, market leader in food and agro-allied products in Nigeria, today announced its unaudited financial statements with record growth in profitability for the… Read more »

Guinness Nigeria Plc – Earnings momentum picks up in H1”18

Culled—Proshare February 1, 2018/Vetiva  ·  H1’18 revenue slightly above estimate, up 19% y/y  ·  EBIT margin strengthens on operating cost improvement   ·  Debt burden fading, loans down 250% y/Y  ·  PAT strengthens to ₦2.1… Read more »