Earnings Report 2013 H1: Dangote Flourmills Struggles As Hight Cost Of Wheat Wipes Out Profits.

Dangote Flour Plc released its 2013 H1 results showing a 1.7% rise in revenues to N29.3billion (2012 H1: N28.9billion)....


Official: AMCON Takes Over Capital Oil & Gas

  The Asset Management Corporation of Nigeria has finally taken over the operations of Capital Oil and Gas Ltd....


Why Lagos State Terminated LCC Contract On Lekki-Epe Expressway

The Lagos State Government announced yesterday that it was terminating the Lekki Concession Company contract on the Lekki-Epe expressway...



Earnings Analysis 2013 H1: Secure Electronics IT Can’t Sell Enough Tickets

Secure IT Electronics released its 2013 H1 results with revenues increasing 31% to N2.7billion (2012 H1: N2billion). Gross profit...


Earnings Analysis 2013 H1: FBN Holdings Struggling On Multiple Fronts

FBN Holdings Plc released its 2013 H1 results showing revenue rose 7.7% to N194billion (2012 H1: N180.9billion). Net Interest...


Earnings Analysis 2012 FY: Capital Hotels Plc Strong Balance Sheet Weak Earnings

Capital Hotel Plc released its 2013 Earnings with Revenues dropping 10.5% to N4.3billion (2012 FY: N4.8billion). Gross Profit was...


Deal: Shareholders Approve Heineken’s Subsidiary 57% Purchase Of Champion Breweries

  Some good news coming for shareholders of Champion Breweries and Consolidated Breweries Plc. The Shareholders of Consolidated Breweries...


This Is Why Your NHF Contributions Can’t Help You Get A Housing Loan From FMBN?

  Here is some useful stats; Federal Mortgage Bank of Nigeria (FMBN) has so far disbursed N39 billion out...


Do You Know A Broke Celeb? Here Is How To Find Out

It’s quite easy to be broke in Nigeria and still remain very relevant in society. I’ve seen it happen...


Nigerian Magazines Are Just Too Expensive, So Why Bother?

    The traffic light just turned red as I drove to work on a typical busy Lagos morning...


Who Wins? Tayo Oviosu, Jason Njoku, Ralph Ekezie, Sim Shagaya All Up For CNBC Awards

  I am really not a fan awards especially when nothing significant is yet to be achieved. However, we...


Investor Watch: Vitafoam Launches Music Pillows That Work With iPods

  I own shares in Vitafoam so whenever I see a story on the company I get interested. The...


Investor Watch: NAHCO Begins Operations in Enugu, Asaba and Sokoto Airports

  THE Nigerian Aviation Handling Company Plc (nahco aviance) is to begin operations at Enugu, Asaba and Sokoto airports. According to...


Deal: Flourmills Plc Signs TSA With Adecoagro

Flour Mills of Nigeria Plc (FMN) has said it entered into a technical assistance agreement with Adecoagro, a leading...


Earnings Analysis 2013 H1: Access Bank Sets Alarm Bells Off With Dismal Half Year Results

  Access Bank released its 2013 H1 results showing a 5.3% dip in Gross Earnings. Net Interest income dropped...


Earnings Report 2013 H1: Aggressive Cost Cutting Help Conoil Plc Post 200% Rise In PBT

[upme_private]Conoil Plc released its 2013 H1 results showing revenue rose 4.5% to N79.6billion (2012 H1: N76.2billion). Gross profit also...


Official: Shoprite Plans 44 New Outlets In Nigeria As Foreign Outlets Jump 28% In Sales In 12 Months

Shoprite, Africa’s biggest grocer, is ramping up its expansion across the continent with 44 new outlets in Nigeria and...


Berger Paints Open N543million Rights Issue

Application list for the N543.42 million rights issue by Berger Paints Plc opened yesterday as the paints and chemical...


Deal: MoneyGram & eTranzact Sign Money Transfer Agreement

  MoneyGram International and eTranzact  Tuesday signed an agreement to enable PocketMoni customers in Nigeria to receive MoneyGram Money...


Earnings Analysis 2013 H1: GT Bank Increases PBT By 7% YoY But Struggled To Find Growth In Q2

[upme_private]GTB Plc released its 2013 H1 results showing a 9% increase in Gross Earnings to N124billion compared to N113.5billion...


What The Recent Supreme Court Judgement On Tourism Means For Hotels, Restaurants, Bars & Event Centres In Lagos State

The Supreme Court recently delivered judgement on the case brought to it by the Federal Government challenging the Lagos...


First Registrars Introduces Designated ATM Cards For Dividend Payments

The problems associated with dividend payments is not lost on any serious investor. It is either you get your...


Earnings Report 2013 Q1: Flourmills Nigeria Plc Post 9% Drop In Pre-Tax Profits Even As Revenues Rise 43%

Flour Mills Nigeria Plc released its 2013 Q1 results showing revenue rose 43% to N100.9billion when compared to the...


Buy, Sell or Hold: FBN Holdings Plc

  The Banking industry have been faced with multifaceted challenges over the last decade. Banking consolidations, Universal Banking, Margin...


Official: SME’s Can Now Apply For A Bank Loan With A Moveable Asset As Collateral

  Nigerian newspapers report generally that the central bank has now approved the use of Moveable Assets as collateral...


Deal: Flourmills Plc Acquired Thai Farms and Rom Oil Mills Ltd

  Flourmills Plc reported two strategic acquisitions during the year in furtherance of its long term business model. It...


Earnings Analysis 2012 FY: Huge Finance Cost Lead Conoil Plc To Declare 76% Drop In PAT

[upme_private]Conoil Plc released its 2012 FY audited accounts showing a 4.8% drop in revenues to N149.9billion (2012 FY: N157.5billion)....


Earnings Analysis 2013 FY: PZ Cussons Nigeria Plc Holds Costs Down To Double Profit After Tax

[upme_private]PZ Cussons Nigeria Plc released its 2013 FY results showing revenue remained flat at N71.3billion (2012 FY: N72.1billion). Gross...


Earnings Analysis 2013 H1: Oando Plc Biting More Than It Can Chew??

[upme_private]Oando Plc released its 2013 H1 results showing a revenue drop of 20% when compared to the previous quarter....


Earnings Report 2013 H1: Skye Bank Post N10.5billion Pre-Tax Profits

[upme_private]Skye Bank Plc released its 2013 H1 results showing gross earnings rose 19% to N71billion (2012 H1: N59.6billion). Net...