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Archives - August 2018

30
Aug

Sustained Profitability |GUINNESS FY’2018 EXTRACTS : PAT up by 249%y/y ; Declared N1.84 final dividend…

  Guinness Nigeria Plc (GUINNESS) released its FY audited results for the period ended 30th June, 2018, this morning, being 30th August, 2018. From the result gathered, Kindly Note: Current and outstanding dividends will be paid electronically to shareholders whose names appear on the Register of Members and who have completed the e-dividend registration and …

30
Aug

ACCESS H1’2018 EXTRACTS : PBT down by -11.9%y/y to N45.8b ; Declares N0.25 interim dividend

  Access Bank Plc (ACCESS) released its H1 audited results for the period ended 30th June, 2018, yesterday’s evening, being 29th August, 2018. From the result gathered, Commenting on the financial results, the Group managing director of Access Bank Mr. Herbert Wigwe assured the shareholders that the bank was focused on creating value for them, …

30
Aug

UBA H1’2018 EXTRACTS : PAT grew by 3.4%y/y to N43.8b ; declares an interim dividend of N0.20…

  United Bank for Africa Plc (UBA) released its H1 audited results for the period ended 30th June, 2018, yesterday’s evening, being 29th August, 2018. From the result gathered, Commenting on the financial results, the Group Managing Director/CEO, United Bank for Africa Plc (UBA), Kennedy Uzoka, said: “Our performance in the first half the year …

30
Aug

DAILY BUSINESS NEWS BRIEF – Illegal forex deals: CBN slams N5.87bn sanctions on 4 banks

  Fed Govt, states debts hit $22b £750m credit finance available for Lagos to explore – Theresa May NNPC to establish 200,000bpd condensate refineries NNPC considers setting up bunkering company Nigeria saves $800m from rice production SEC proposes new rule on derivatives trading Lafarge Africa plans EGM, seeks shareholders’ nod to raise N90b fresh fund …

29
Aug

DAILY BUSINESS NEWS BRIEF – President Buhari commissions N90bn brewery, assures conducive business environment

  FG seeks World Bank, Bill Gates’ support to fund NHIS AfDB, FAO to raise $100m for agriculture in Nigeria, others Fed Govt: No plans to sell NLNG NNPC to set up 200,000bpd condensate refinery in Delta, Imo FG, AMCON undecided over Arik, Aero Contractors airlines CBN auctions $210m foreign exchange Nigeria’s national grid increases …

24
Aug

DAILY BUSINESS NEWS BRIEF – CBN unveils incentives for funding agric, manufacturing

  Nigeria’s oil export earnings decline 21% amid rising prices FG to submit 2019 budget in September FG, ECOWAS to Review Flight Charges Power: Benin Republic, Niger pay Nigeria $10m after disconnection threat Eaton raises stake in NEM, buys 130 million shares Tax remittance: ABCON kicks as banks suspend BDCs’ accounts Naira weakens against dollar …

23
Aug

DAILY BUSINESS NEWS BRIEF – Capital inflows into Nigeria dropped to $5.51bn in Q2 – NBS

  Nigeria’s oil revenue hits $26bn in seven months Currency in circulation drops by N75.84bn in one month Power sector ‘lost N324.3b’ in eight months Mainstream Energy eyes 1,300Mw of power from Kainji, Jebba Kwara Revenue Board Injects N13.5bn in Special Projects Buhari to commission $250m International Breweries in Ogun Asian shares fall on Trump …

7
Aug

DAILY BUSINESS NEWS BRIEF – New power policy’ll raise tariff by 14% – Discos

  NIRSAL targets N1.6tn revenue for smallholder farmers World Bank asks Nigeria to raise non-oil tax collection FIRS to GE: show evidence of $2m tax remittenace FG to Discourage Importation of LPG, Upgrade Local Supply AEDC begins installation of 222,728 meters tomorrow Nigeria needs $7bn annually to up oil production – Baru NNPC, international banks …

3
Aug

DAILY BUSINESS NEWS BRIEF – External reserves lost $669m in July ― CBN

  World Bank to support Nigeria on economic growth Personal Well-Being Index Records Marginal Growth FG generates N1.4tn from operating surplus in 11 years NPA to open eastern ports with N1bn investment – Usman Internet fraud: CBN to develop new security framework Notore Chemical lists N100.75b shares on NSE NSE lifts Fidson to medium-price stock …

fake richard mille
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