July 02, 2008
Chevron to pay dividend
The board and management of Chevron Nigeria Plc have approved a dividend payment of N7.50 for its shareholders.
ETI on technical suspension
ETI was placed on full suspension on Tuesday, in order to allow for the full implementation of the 5 for 1 bonus declared by the bank. The technical suspension would be for three days in order to allow the Central Securities Clearing System reconcile shareholders’ accounts.
June 24, 2008
Tantalisers lists 2.9bn shares...
One of the foremost fast food chain outlet lets in Nigeria, Tantalisers Plc has listed a total of ordinary 2,950,000,000 shares on the floor of the Nigerian Stock Exchabge. The company's shares were listed at N3.50k each.
June 16, 2008
Market down trend due to technical hitch…
The Director General, Nigeria Stock Exchange (NSE) Prof. Ndi Okereke-Onyiuke has said that the downward trend in the nation's capital market was due to a technical hitch on the trading engine.
According to her, the hitch was caused by a disengaged nut which connects the trading engine to that of Central Security Clearing System, which gave opportunity for indiscriminate sale of stocks, even below the expected prices.
NSL's N12.4b IPO to open July 14th…
The National Sports Lottery Initial Public offering which was to open today June 16th 2008, will now open on July 14th 2008.
According to the Chief Executive Officer of NSL Dr. Odunlami Kola-Daisi, this new date is to allow for the IPO to be conducted in a unique way. An equal number of shares will be made available in equal number to each of the 36 states, including the Federal Capital Territory. This arrangement according to Dr. Odunlami, is to enable an equal opportunity of participation to all Nigerians.
NSL is offering for sale a total of 800,000,000 units at N15.50 per share, in effect this will translate to an average of 21,621,621 units being made available to each state. In completing their forms applicants are to quote their states reference codes on their forms.
The IPO will open On July 14th 2008 and close by August 20th 2008.
June 05, 2008
NBC releases result...
|
NIGERIAN BOTTLING COMPANY PLC UNAUDITED Q1 RESULT FOR THE PERIOD ENDED 31 MAR 2008 |
|
|
2008 |
2007 |
CHANGE |
% CHANGE |
|
|
N'b |
N'b |
N'b |
% |
|
TURNOVER |
19.400 |
17.600 |
1.800 |
10.23 |
|
PROFIT BEFORE TAX |
1.400 |
1.300 |
0.100 |
7.69 |
|
TAXATION |
0.313 |
0.288 |
-0.025 |
-8.68 |
|
PROFIT AFTER TAX |
1.164 |
1.042 |
0.122 |
11.71 |
BIG TREAT releases result...
|
BIG TREAT PLC UNAUDITED Q1 RESULT FOR THE PERIOD ENDED 31 MAR 2008 |
|
|
2008 |
2007 |
CHANGE |
% CHANGE |
|
|
N'b |
N'b |
N'b |
% |
|
TURNOVER |
0.790 |
0.634 |
0.156 |
24.61 |
|
PROFIT BEFORE TAX |
0.071 |
0.055 |
0.016 |
29.09 |
|
TAXATION |
0.023 |
0.065 |
0.042 |
64.62 |
|
PROFIT AFTER TAX |
0.049 |
0.010 |
0.039 |
390.00 |
June 04, 2008
Fidson to get listed on NSE... The shares of Fidson Healthcare Plc, a pharmaceutical outfit will get listed today on the floor of the Nigerian Stock Exchange. The company will list a total of 1.5bn ordinary shares of 50koshare.
June 02, 2008
N2.5 billion UACN Plc shares put up for special sale...
N2.5 billion worth of shares of UAC of Nigeria Plc are to be made available for special sale on the floor of the Nigerian Stock Exchange.
The special sale comes about as a result of Arctis African Funds plan to sell off the private equity they purchased into UAC. Fifty million units are being put up for sale at a price of N50 naira per share.
The special sale comes up on June 04, 2008 on the floor of the NSE. Interested investors are expected to have placed their purchase orders with their stockbrokers before the close of business on June 02, 2008.
NBC posts turnover of N69 billion...
Nigerian Bottling Company Plc has recorded an impressive N69 billion turnover for the year ended 2007. The company also posted a profit after tax of N3.2 billion as against the N1 billion it recorded for the same period last year.
The company is also proposing a dividend of 75 kobo per share to its shareholders.
May 28, 2008
Oando to shop for N30bn…
Oando is set to raise funds to the tune of 30 billion naira from both the local and international markets. According to the CEO of the company, Mr. Adewale Tinubu the funds generated would be used to further its expansion and growth programmes.
Regency Alliance Insurance gets listed on NSE…
The shares of Regency Alliance Insurance Plc have been listed on the Nigerian Stock Exchange. The company listed 4.85 billion Ordinary shares of 50 kobo each at N1.75 per share.
May 23, 2008
NASCON PLC declares bonus…
National Salt Company of Nigeria Plc (NASCON), the nation’s largest indigenous salt producer has declared a profit of N1.26 billion. The company intends to pay its shareholders a dividend of 40 kobo per share, in addition to a bonus share offer of 1 ordinary share for every five held by its investors.
FG shortlists advisors for Nitel/Mtel Equity…
Eleven firms have been shortlisted for selection as advisors for the divesting of the 51% equity in NITEL and MTEL. The firms include-Lazard/Vetiva; Rothschild/UBA; Renaissance Capital; Millennium Finance; Awoyinfa Obafunsho and Co; CPCS Transcom; Lead Capital/Investec; FCMB Morgan Stanley; Intercontinental/HSBC; Merrill Lynch/BGL and BNP Paribas. On selection, the successful privatization advisor is expected to draw up a blue-print for the review of the operations of NITEL/MTEL and also to help market the telecoms outfit to new investors.
May 20, 2008
|
UNIVERSAL INSURANCE PLC. UNAUDITED QUARTER 1 RESULT FOR THE PERIOD ENDED 31 MARCH ‘08 |
|
|
2007 |
2006 |
CHANGE |
% CHANGE |
|
|
N'b |
N'b |
N'b |
% |
|
TURNOVER |
0.105 |
0.094 |
0.011 |
11.70 |
|
PROFIT BEFORE TAX |
0.051 |
0.033 |
0.018 |
54.55 |
|
TAXATION |
0.016 |
0.005 |
-0.011 |
220.00 |
|
PROFIT AFTER TAX |
0.034 |
0.028 |
0.006 |
21.43 |
May 19, 2008
Ecobank set to raise $3 billion...
The Ecobank Group is set to hit the stock market with a $3billion public offer. According to Ekpe, the group managing director the bank would be seeking the relevant regulatory approvals for the offer to be made both locally and internationally in June or July. Funds generated from the offer would be used to finance the expansion of the bank’s operations
UBA records N78bn gross earnings…
United Bank for Africa in its un-audited six months results for the half-year ended March 31st 2008 posted a figure of N78.1bn as its gross earnings, representing an increase of 66% from the N46.8bn it recorded for the same period last year. The company’s profit after tax also rose significantly to N18.4bn.
The bank is also proposing a dividend of N0.25k per share in addition to a bonus offer of one ordinary share for every two held by its shareholders.
Access Bank Plc acquires three banks…
As a way of further expanding its operations to other parts of Africa, Access Bank Nigeria Plc having gained all required approvals has acquired controlling interest in the following commercial banks- 75% interest in Bancor Bank of