Tag Archives: SEC

For the nine (9) months ended September 30, 2017, the Board of Directors of Nigerian Breweries Plc has announced a revenue of N254.7 billion.  In the statement of the result sent to Nigerian Stock Exchange (NSE), the Board of the Company further announced the declaration of an interim dividend of N7,996,902,051 (Seven billion, nine hundred and ninety six million, nine …

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The Proposed forensic audit of Oando Plc should commence without any further delay, shareholders of the company declared yesterday in Lagos. According to the shareholders, the investigation should be detailed and “without any fear or favour”. Under the aegis of Nigeria Shareholders Solidarity Association (NSSA), the shareholders also called on the auditors to investigate all management staff of the company, adding that …

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Unity Bank Plc has unannounced a gross earnings of N65.03 billion and a new total asset level of N484.82 billion in its unaudited financial results for the period ended September 30th, 2017. In the bank’s statement made available to the Nigerian Stock Exchange (NSE) for verification at the weekend, shows that the bank has sustained a positive but modest performance …

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For the week ended October 27, 2017, trading in the shares of United Bank for Africa (UBA) Plc, Access Bank Plc and FBN Holdings Plc accounted for 515.058 million shares worth N4.458 billion in 3,088 deals.   Trading in the shares on the floor of Nigerian Stock Exchange (NSE) contributed 36.95% and 27.17% to the total equity turnover volume and value respectively.    At …

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The Central Securities Clearing System (CSCS) Plc recently announced in Lagos it would increase automation and improve efficiencies in the Nigerian capital market with the deployment of TCS BaNCS, a world class multi-asset class solution for securities depository, clearing and settlement. The solution replaced the NASDAQ Equator which has been in use since inception of the company in 1997. The …

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Royal Exchange Plc, Nigeria’s foremost financial services group is set to unlock new growth potentials that will increase consumer value and better returns on investment to its teaming shareholders. The company with interest in general insurance, life insurance, asset management, healthcare as well as micro finance banking is taking advantage of synergies, as a financial conglomerate in its new drive …

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Chairman of Board of Directors of Unity Bank Plc, Mr. Thomas Etuh has retired from the Bank’s Board with effect from October 4th, 2017 while the Board has also approved the appointment of Alhaji Aminu Babangida (the erstwhile Vice Chairman of the Board) as the new Chairman of the Board in line with the Bank’s succession plan. A statement from …

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Ecobank Transnational Incorporated (ETI) on Wednesday announced 12 per cent increase in profit for the nine months ended September 30, 2017 to N57.95 billion from N51.76 billion in nine months ended September 30, 2016. The pan-African financial institution profit before tax also rose by marginally by three per cent to N69.4 billion as against N67.5 billion in prior nine months …

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Photo Caption: The picture shows cross section of dignitaries at the London Stock Exchange Market Open Ceremony to kick start the 3rd edition of the LSE/NSE Capital Market Conference, co-hosted by London Stock Exchange and The Nigerian Stock Exchange in London today.

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For the nine months ended September 30, 2017, FBN Holdings has announced Profit after tax of N45.8 billion, up 7.8 per cent when compared with N42.5 billion recorded in 2016. Gross earnings is  N439.2 billion, up 5.2 per cent as against N417.4 billion in 2016 while Net-interest income is  N254.3 billion, up 25.3% y-o-y (Sept 2016: N202.9 billion) Also, operating expenses stood at  N175.3 billion, up 8.4% y-o-y (Sept …

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