Updates

International Energy Insurance Suspends Disposal of Assets on NAICOM’s Directive

July 29, 2016/NSE Sequel to an earlier proposal to the Nigerian stock Exchange over the intent to dispose of International Energy Insurance PLC’S Investment in IEI Anchor Pensions Limited, a decision necessitated by the operational guideline of the National Insurance Commission (NAICOM), which prohibits investment of greater than 25% of […]

Mobil Oil Nigeria Plc Records 80% Sales Growth YoY in Q2’16

Culled—Proshare July 29, 2016/FBNQuest Research Event: Mobil Oil Nigeria (Mobil) reports Q2 2016 results Implications: Upward revision to consensus 2016 estimates expected Positives: Q2 sales of N27.6bn up 80% y/y; PBT up 87% y/y to N3.8bn Negatives: No obvious negatives Late yesterday, Mobil reported Q2 2016 results which showed impressive growth […]