Thursday, July 05, 2012 / The Analyst / Proshare Research

Companies in the NEWS Today – Unity Bank Plc, AIICO Plc and First Bank of Nigeria Plc



Unity Bank Plchas begun to reward customers through its ‘Save and Win’ promo. The bank recently put smiles on the faces of its customers, who went home with some juicy prizes. Bikudaimai Joura, a female customer was declared star winner of the bank’s aim, save and win promo first national draw which came up in Abuja, during the weekend.



The stock price went down by -67.50% and -70.63% in 2008 and 2009 respectively while +42.86% gains were recorded in 2010. 2011 saw -54.17% losses as the 2012 YTD performance stands at -9.09% losses and the price currently trades at 0.50k nominal value. The promo has no direction relationship with the stock price and as such might not have impact on it.

AIICO Insurance Plc has re-launched its website. The insurance firm says by so doing it is aiming to position itself for the unfolding opportunities in the industry and to give its customers a more delightful experience.  The Underwriting firm further disclosed that it is evolving into a new phase that would give its customers greater access to quality service for efficiency and value creation.



The stock closed with -47.81% and -55.87% losses in 2008 and 2009 respectively while positive performance was recorded in 2010 with +13.92% price appreciation. The stock resumed downtrend in 2011 as it closed the year with -44.44% losses. Flat position has recorded in so far in 2012 while the stock currently trades at 50k nominal value.

First bank Nigeria Plc (FBN) has unveiled its Brand Ambassador for the 2012 Olympics. At a Parley held last night, Bronze medallist (All Africa Games), Blessing Okagbare will be partnered by FBN in sponsorship to the Olympics. Also Ten luck winners emerged from the FBN’s ‘Save and Win’ Promo, which has been on-going. The Executive Director, Public Sector (South), Mr. Uk Eke says FBN’s commitment to the Olympics results from the common heritage shared by bank and the IOC. Meanwhile, The Head, Marketing & Corporate Communications, Folake Ani-mumuney has urged Nigerians to watch out for the bank and its products at the Olympics Village in London.



The bank’s stock closed negative throughout  the periods of review as it records -52.77%, -33.44%, -2.28% and -35.18% in 2008, 2009, 2010 and 2011 while it has recorded positive YTD performance of +23.60% in 2012 so far. The company recorded positive growths in gross earnings and PAT in its Q1 2012 financials.

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