Cement Company of Northern Nigeria (CCNN) reported a 19% YoY rise in Q1 13 revenues to N5.billion, with top-line growth mirroring competitors results likely reflecting sharply higher demand across the industry during the period. With competitors reportin
Cadbury Nigeria Plc reported a 16% YoY rise in Q1 13 revenues to N8.3 billion, tracking 10% ahead of our N7.6 billion forecast. Out-performance in YoY top-line growth likely reflects better than expected volume recovery, which is nevertheless flattering s
Sales revenue increases marginally by 4.0% y/y. Guinness Nigerias turnover moved up moderately by 4.0% to 88.441billion in the 9M to March 2013 compared with 85.039billion recorded in 9M 2012. On a q/q basis, the company reported sales revenue of 22.753b
As the Nigerian Capital Market keeps witnessing rapid growth (year-to-date of 31.44%), Investors in todays market, on the back of an improved regulatory and compliance monitoring environment now have the opportunity of tools, data-backed information, and
The Company informed The Exchange that the Company's Board of Directors has taken a decision to change the Corporate Registrars of the Company from Union Registrars Limited to First Registrars Limited.
The Company notified the Exchange that the registered address of the company has been changed from Plot 281, Ajose Adeogun Street to Plot 1, Block 94, Providence Street, Lekki, Phase 1, Off Lekki-Epe Express Road, Lekki, Lagos.
UAC Property development Plc (UPDC) reported a 78% YoY rise in FY 12 turnover at N12billion. At N4.3billion, seasonally the strongest, Q4 12 turnover was 80% higher QoQ tracking ahead of our N4billion forecast. The company had made significant restatemen
MRS Plc recorded active patronage with significant surge in volume traded by 885.409% while recording maximum daily gain of +10.00% -the highest daily gain so far achieved by the firm in the year; and invariably revealing movement of smart money towards
Nigerian banks have all but fully returned to profitability, albeit on the bank of an aggregate low lending business; and looking at the Q4'12 financials presented lately, it appears the sector is gradually regaining back its confidence and groove.
Sales revenue declines significantly. In 1Q2013, Okomu Oil’s revenue was down by ~35.0% y/y to 1.838billion from 2.827billion in 1Q2012. A breakdown of the company’s revenue during the period indicated that domestic sales contributed 50.9% to total revenu
Compliance with the otherwise basic requirement of submitting audited financials accounts for firms listed on the bourse of the NSE continue to improve in recent time. Credit deservedly must go to the consistent implementation, and market acceptance of th
Following Ecobank Transactional Incorporated (ETI) acquisition of Oceanic Bank International Plc and its subsidiaries, The Exchange was notified that Ecobank Transnational Incorporation (ETI) has approved the integration of its two Registrars business in
Transnational Corporation of Nigeria (Transcorp) obtained Approval-In-Principle of the Quotations Committee of Management of The Exchange for its proposed Rights Issue of 12,906,999,142 Ordinary Shares of 50k each at N1.00 per Share. Acceptance of the off
The Company notified The Exchange that its Board of Directors meeting is scheduled to hold at 11 am on Tuesday, May 14, 2013 at No. 8 McCarthy Street, Onikan, Lagos to deliberate upon the Company's 2013 1st Quarter Unaudited Results amongst others.
Revenue increased marginally by 2.2% y/y to 27.644billion in 1Q2013 from 27.053billion in the same quarter of 2012. On a q/q basis, it was an 8.2% increase over the 25.557billion recorded in 4Q2012. We believe the uninspiring performance recorded by the c
Mobil Oil Nigeria (MON) is one of the operationally efficient firms in the petroleum downstream industry and has a linearly increasing level of efficiency by our analysis. However, the company faces industry-wide challenges inclusive of high costs and low
United Bank for Africa Plc today announced its full year 2012 audited financial results for the period ended December 31, 2012. A profit after tax of N54.77billion was achieved for the period, representing an increase of 905.44% over
In my February 22, 2013 article on the subject titled Nigerian Breweries Plc FY 2012 Earnings and Its Impact on the Stock Price , I noted that although the stock price for NB Plc was in an uptrend prior to its FYE December 31, 2012 financial report, the
Revenue grows by 3.10% and net income increases by 49.14% * As at Thursday May 09, 2013 year-on-year. Lafarge Wapco Plc. released its Q1 2013 results to the Nigerian Stock Exchange on May 06, 2013. The results show that revenue increased to 23.32billion,
Revenue grows by 8.39% and net income increases by 25.63% y/y. Julius Berger Nigeria Plc (JBN) released its Q1 2013 results which saw revenue increase to 39.65billion from 36.58billion in Q1 2012 and net income ascend to 1.25billion from 995.17million in
Union Bank Plc is on the strong northward move again, extending previous gains with additional +10% gain to step out of bearish zone completely into neutral position in both short and mid-long term period as revealed by price moving average.
Dangote Cement Plc recorded an historical uptrend movement with a significant surge of 10% daily maximum gain, indicating significant positive shift in investors' sentiments towards the stock despite its low market float.
PZ Cussons Nigeria (PZ Cussons) is principally engaged in the manufacture, distribution and sale of a wide range of consumer products and home appliances, which are leading brand names across the country in detergents, soap, pharmaceuticals, cosmetics, co
Guaranty Trust Bank plc has continued to promote economic development and entrepreneurship by partnering with the Nigerian and London Stock Exchanges to support the 2013 UK-Nigeria Investment Partnership Forum, which will take place on Thursday May 2, 201
The review of Nigerian Capital Market in the last 52-weeks trading sessions reveals impressive uptrend movement as the markets net worth appreciated significantly by 50.41%, indicating that an additional N3.57trillion had been added to investors' net wor
The Dangote cement’s massive investment in new capacity has continued to pay off with an upsurge in sales of its locally produced cement to the tune of 10.4 million tonnes in 2012, according to the company’s 2012 financials, presented on the floor of the
The Company notified The Exchange that the ETI Preference Dividend Warrants along with the e-mandate forms were dispatched to all the ETI preference shareholders on April 4, 2013. The shareholders were given the option of receiving their dividend in eithe
Global sugar consumption increased in 2011/2012 sugar year, which ran from October 2011 to September 2012, by 2.3% to 168.8m metric tons. Brazil was the global largest producer of sugar in 2011/2012 with total production of 39.01m metric tons which repres
Access Bank Plc has been commended by shareholders for sustaining the vision of a value-based financial service institution and for the impressive returns declared in its 2012 Audited Accounts, the first after the M&A with Intercontinental Bank Plc.
Forte Oil Plc experienced significant change in market sentiments to plunge by -8.4% and settled at N14.24kobo, following the lacklustre trading pattern recorded in the last 3-days to remain flat at N15.55kobo.
Foremost Nigerian financial institution, Guaranty Trust Bank plc has demonstrated the immense value it places on its shareholders by declaring a total dividend payment for the financial year of N45.62 billion. The outstanding profit figure of the Bank at