Corporate Action: CAP Plc Proposes 1 For 4 Bonus Issues, UACN 1 For 5

CAP Plc Board of Directors have approved a 1 for 4 bonus issue and will be approved on their AGM date set for 24th...

Company Watch: Multiverse Plc, Chinese Firm Sign Multi Million Dollar Mining Deal

A Chinese mining , Unicontinental International Engineering Company Limited has signed a multi-million dollar joint venture agreement with Multiverse Plc to commence work on new...

Company Watch: Why We Are Investing $500million In Tanzania – Dangote Cement

The investment in this sector, which he explained as being outside the traditional mining sector, is to take advantage of the abundance of limestone...

Nestle Plc Share Price Crosses N1,000 Per Share

Nestle finally hit the N1,000 share price at close of trading May 31 2013. As at closing today, June 3rd 2013 the share price...

Nestle Plans To Build Third Factory, Blames Insurgency In The North For Fall In...

Nestle Nigeria Plc released its Q1 2013 earnings earlier in May with pre-tax profits dropping 4% to N7billion when compared to the same period...

Official: FBN Holdings (First Bank) Will Pay N1 As Dividend For FY 2012

  Shareholders of FBN Holdings Plc last week approved the N32.6 billion dividends recommended for the year ended December 31, 2012 and commended the board...

AGM Watch: May & Baker Plans To Raise Capital (Owes TY Danjuma’s Company About...

May & Baker Nigeria Plc will raise additional capital to support its business expansion and position itself  against competition, the Chairman of the company,...

Sanyo Acquires 25% Stake In Olam Nigeria’s Noodles Business

The Nigeiran Food Business can't get anymore competitive can it.... Japan's Sanyo Foods has joined forces with Olam International to manufacture and distribute instant noodles...

PZ Partner With Wilmar To Invest N100billion In Nigeria (Will Create over 12k Jobs)

PZ Cussons and Wilmar International are working on a multi-billion palm produce investment that will be developed on 50, 000 hectares of land. The investment...

Award Season: GT Bank Is African Bank Of The Year

It's the award season and banks love awards like this... The Guaranty Trust Bank Plc (GTB) yesterday announced that it was on Wednesday conferred with...

AGM Watch: Lean Africa Claims Market Leadership In Publishing

Believe it or not? Learn Africa Plc, formerly Longman Nigeria Plc, has reported that it controls about 60 per cent market share in the publishing...

Company Watch: Pharma-deko Shareholders Approve Equity Raising Via Rights Issue

  Shareholders of Pharma-Deko has approved the boards proposal to raise fresh equity via a rights issue. See below; Shareholders of Pharma-Deko Plc have given the...
Skye Bank

Skye Bank Shareholders Approve N50billion Capital Raising

I mentioned some days ago that Skye Banks is looking to raise equity to increase its Capital Adequacy Ratio. Reuters has confirmed as follows; Skye...

IFC Acquires 8% of Tantalizers Plc

IFC must be finding some economic value in the floundering food business in Nigeria. After investing in Food Concepts (owners of IFC) has now...

Official: First Bank To Close Branches for Two Days Starting Thursday 6th June –...

  If you are an account holder in First Bank better take not of this and make sure you're not caught napping.... First Bank Plc will...

Oshiomole Happy With Guinness N35billion Investment In Brewery In Benin City

This is great news for the people of the ancient city if Benin. However, it will be interesting to see how this benefits shareholders. Edo...

Digital Printing Company Konica Minolta Has Invested N1billion in Nigeria

Konica Minolta is a Japanese Company that manufactures business and industrial imaging products, including copiers, laser printers, multi-functional peripherals (MFPs) and digital print systems for...

After Being Bailed Out By AMCON, Nigerian Banks Continue To Chase Awards. This Time...

Despite lending at exorbitant rates and only just recovering after being bailed out by AMCON, the award spree has started again.   Guaranty Trust Bank Plc...

GSK Shareholders Against Take Over By Foreign Owners??

I saw this article on Vanguard which I thought was worrying. It's not clear who is complaining here but all the same it is...

How Saka Ported To MTN

I am probably one of the very few people who think the MTN ad many refer to as a masterstroke (including me) was unethical...

Despite Having Industry Lowest Cost To Revenue Ratio, GTB Sacks 100 Staffs

  GT Bank has changed much since the entrance of Segun  Agbaje as MD. They've continued to lead the indsutry in terms of profitability mostly...

Nigeria Consumes Far Less Beer Than Other African Countries – Guinness MD

I'm pretty sure will find this hard to believe but coming from the first Nigerian MD of Guinness (Mr Seni Adetu) in over 20...

International Breweries Plc Declares 25kobo Dividend For Period Ended March 2013

International Breweries Plc has declared a dividend of 25kobo per share or 1 for 85 held in the company. The company plans to pay...

Luxury Furniture Maker, Lifemate Offering 50% Discount

I just got a scoop that Lifemate, a furniture making company based in Ikeja is offering 50% discount for some select furnitures and fittings....

Caverton Group Post N1.03billion PAT For 2012

Caverton Offshore Support Group has recorded a profit after tax of N1.035bn for the 2012 financial year. A statement by the company on Thursday explained...

Official: GSK Shareholders Approve Dividend Of N1.30

Shareholders of GSK have approved a dividend of N1.30 per share at their recently concluded AGM. GSK is by far the most profitable Pharmaceutical...

Report: ARM Recommends You Sell Your Guinness Shares Now

There you have it, ARM have placed a 'SELL' on Guinness Stock. I have blogged severally about Guinness Stock (check related post below) placing...

NPF (Police Bank) Post N531Million PAT, Proposes 10Kobo Per Share Dividend

NPF MICROFINANCE BANK PLC 2012 AUDITED FULL YEAR: Total Operating Income N1,917,183m Total Operating Expenses N1,231,543m Profit Before Tax N685,640m Tax N154,691.00m Profit After...

Official: Consolidated Breweries Shareholders Approve 80kobo Per Share Final Dividend

The company had earlier declared final dividend payment of 80 kobo per share (paid 30kobo earlier in the year) when it released its results....

Margin Loans – Class Action Filed Against First Bank

  This seems like an interesting development because if they win then you can expect a very strong precedent which should scare the wits out...
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