Sunday , August 20 2017
Home / Capital

Capital

Guinness Ghana hits jack pot on stock market

Guinness Ghana Breweries Limited the leading total Beverage Business in the country with an outstanding collection and the only beverage business listed on the Ghana Stock Exchange hit a jack pot on the Stock Market with tremendous jump upwards. Guinness Ghana climbed up by 3.6 per cent to close trading ...

Read More »

Caverton Lands Five-Year Contract with NNPC Partner C

Caverton Helicopters, a subsidiary of Caverton Offshore Support Group Plc. a fully indigenous company listed on the Nigerian Stock Exchange has been awarded a 5 year logistics support contract by CNL, operator of the NNPC/CNL Joint Venture, for provision of aviation services with a 2 year renewable option. The contract ...

Read More »

SEC Nigeria Gives Update on H1 Capital Market Comm

The Securities and Exchange Commission held its 2nd quarter Capital Market Committee (CMC) Meeting on August 15, 2017 at the Federal Palace Hotel, Victoria Island, Lagos. The event which is a gathering of the entire capital market community was attended by Self-Regulatory Organizations (SROs)/Trade Groups and an array of Dignitaries. ...

Read More »

SEC Reveals Plan To Introduce Electronic Annual Report

* Says only 432,000 unique individuals has BVN         BY NKECHI NAECHE— The Nigeria’s Securities and Exchange Commission (SEC) on Wednesday said henceforth annual report will be transmitted to shareholders electronically few weeks before the annual general meeting of listed companies. The Director General of SEC, Mounir Gwarzo disclosed ...

Read More »

Guinness Nigeria N39.7 Billion Rights Issue closes on 31 August 2017

  Guinness Nigeria Plc’s (GUINNESS) Rights Issue, opened on 24 July, 2017, will close on Wednesday, 30 August 2017. The Rights Issue is being undertaken to enable GUINNESS optimize its capital structure by repaying its various outstanding loan obligations, thereby reducing financing costs. Details of the Rights: Being Issued – ...

Read More »

GTBank First Glance: Despite 52.85 y/y Decline in NIR, EPS Rose 13.73%

Guaranty Trust Bank Plc (GUARANTY) this afternoon released H1-2017 results, wherein gross earnings grew marginally by 2.01% y/y, supported by a surge in interest income (+51.11% y/y), which more than offset the significant decline in non-interest income (-52.85% y/y). In addition, the lower credit loss provisioning during the period supported ...

Read More »

Nigeria’s Mutual Funds elicit increased interest

Against the backdrop of increased interest and investments in Mutual Funds in Nigeria, Nigeria’s Securities & Exchange Commission (SEC) announced that total Asset Under Management (AUM) of mutual funds in Nigeria topped N300 billion for the first time ever. This has been attributed to various factors not excluding the current ...

Read More »

Investors Commend Conoil, Approve N2.15 Billion Div

Shareholders of frontline oil products marketer, Conoil Plc, have commended the management and Board of the company for the impressive performance it recorded in the last financial year. At the company’s 47th annual general meeting held at the weekend in Uyo, Akwa Ibom State, the shareholders applauded the Board and ...

Read More »

The FGN’s Pursuit of Investment

The FGN has this week named 27  industries as eligible for pioneer status incentives. Their principal benefit is exemption from companies’ income tax for three years, with a possible extension for one or two years. Monitoring of the scheme is to be the responsibility of the Nigerian Investment Promotion Council, ...

Read More »

Cadbury Nigeria Q2 2017 Results Review – Neutral

Input cost pressures weighed on earnings Cadbury Nigeria’s (Cadbury) 20.6% y/y sales growth in Q2 2017 was 9.1% ahead of our forecast. Both domestic and export sales were impressive, with 21.6% and 13.1% y/y increases. Despite the topline growth, the company recorded losses on both the PBT and PAT lines. ...

Read More »