Investors Bite

Access Bank Reiterating Outperform Rating After Strong Q2’16 Results

Culled—Proshare August 23, 2016/FBNQuest Research Additional upside post earnings upgrade Following Access Bank’s Q2 2016 results, we have increased our 2016-17E PBT estimates by an average of 22%. Our new 2016E PBT forecast of N96bn implies a y/y growth of 28%. Despite continued strong fx swap income, we still expect […]

SEC Proposes New Rule on Application of 12 Years, Above Unclaimed Dividends

August 23, 2016/SEC Pursuant to the provisions of Section 313(1)(n) of the Investments and Securities Act(ISA) 2007, the Commission hereby proposes this Rule: Companies and Registrars in custody of dividends which remain unclaimed by shareholders 12 years after the date of declaration or subsequently attain the 12 years threshold shall upon […]