Updates

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 […]

Access Bank Surprises Staff, Increases Salary To Cushion Effect Of Harsh Economy

Culled—-The Will Staff members of Access Bank Plc were pleasantly surprised on Monday as they had an increase in their salary despite the prevailing economic realities in the country. Nigeria is suffering its worst economic downturn following the unexpected crash in the price of crude oil, its main source of […]