Archives - February 2017

FG Targets 4,000 Metric Tonnes as It Starts Production of Fertilizer FIRS Seals Kabo Airlines, Others Over N200m Tax Liabilities ‘Fed Govt owes pensioners N183b’ Fed Govt requires N10b to remove ship wrecks in Lagos OPEC records 94% compliance on output cut – Barkindo Nigeria, Algeria, others lost $1tn to oil crash – OPEC OPEC: …

  Zenith Bank Plc (ZENITHBANK)  released its 12 months audited results for the period ended December 31st, 2016, this morning, being 27th of February, 2017. From the result gathered, Gross Earnings grew by 17.45% y/y to N508.00 billion, so was Operating Expenses by 3.78% y/y. Profit Before Tax and Profit After Tax, both increased significantly …

  CBN to mop up N310bn through treasury bills Fed Govt to sell N5,000 savings bond to public 16 banks fund $220m with N72b at Forex forwards South Africa’s Liberty to buy 75% stake in UNIC insurance Fed Govt underpays GenCos by over N30b monthly SON Seizes N5bn Sub-standard Tyres in Lagos Power consumers grumble …

  The Equities market ended today’s trading session on a bearish note with a 0.62% depreciation  as against 0.63% gain recorded previously. It  closed at 25,250.37bps, while  market capitalization closed at N8.74 trillion.  Also, market breadth was weak as 18 losers led by AIICO (-8.33%) over 12 gainers led by BETAGLAS (+4.99%)was recorded on the …

  Fed Govt, governors, firm meet over $4.5b Chinese agric loan Nasarawa Assembly okays N69.9 billion 2017 budget Nigeria to begin yam exports within the next 5 months NDIC records N53bn operating surplus in 2016 CBN sells $230m in forex forward as naira recovers Fed Govt owes oil marketers N300b subsidy Bank directors liable for …

  Budget: Senate threatens MDAs with zero allocation over non-appearance CBN’s forex policy adjustment not sustainable –Experts FG earned $31bn from crude sales in 11 months NPA seeks passage of maritime bills NSIA secures $305m FDIs Nigeria lost N217bn to gas flaring in 2016 – NNPC IATA suspends Arik from billing system Private Stations Owe …

The Equities market  depreciated by -0.01% in today’s trading session to close at 25,249.74bps, while  market capitalization closed at N8.74 trillion. Also, market breadth was negative as 18 losers led by UNILEVER (-4.98%) over 8 gainers led by GUINNESS (+4.59%)  was recorded on the chart today… Please click  “DOWNLOAD ICON“ to see all traded equities …

  Naira records little gain, closes at 512/dollar Govt’s local debt hits N10.8tn, owes foreign creditors $11.5bn FG to reduce agencies operating in ports to six CAC delists 38,000 firms for not filing returns FG unveils 60-day action-plan for ease of business FG scraps special intervention fund for tertiary institutions FG, States, LGAs Share N465.149bn …

  Nigerian Breweries Plc (NB)  released its 12 months audited results for the period ended December 31st, 2016, late yesterday, being 20th of February, 2017. From the result gathered, Revenue grew by 6.75% y/y to N380.35 billion, so was Operating Expenses by 0.99% y/y. Profit Before Tax and Profit After Tax, both dropped significantly by …

  CBN to make forex available for PTA, school fees, others DPR Seals Nakem Depot, Seizes 1.5m Litres of Adulterated Petrol Companies Reduce Staff Dollar Remunerations As Naira Hits N522/$ Enugu govt seals 36 banks over N1bn withholding tax Outrage as Indian-packaged garri sells in Nigeria N500b for mortgage finance coming German firm pledges N97.5bn …