Category: Capital Market

NIGERIAN BREWERIES EXPLAINS REVENUE GROWTH, HUNDRED PERCENT DIVIDEND PAYOUT

Nicolaas Vervelde, Managing Director, Nigerian Breweries Plc (middle); Mark Rutten, Finance Director, Nigerian Breweries Plc (left) and  Uaboi Agbebaku, Company Secretary, Nigerian Breweries Plc (right) at the company’s Pre-AGM media briefing in Lagos on Tuesday Nigerian Breweries Plc, the foremost brewer in the country, has explained that the N314 billion revenue it recorded in the…

Standard Alliance settles N2.1 billions claims in 2016

Standard Alliance Insurance Group said it settled claims worth N2.1 billions during the 2016 financial yearnoted that the insurer’s balance sheet assets stood at N11.79 billion, with approximately N4.65 billion of these being financed by shareholders’ equity funds. The Chairman, Standard Alliance Insurance Group, Johnson Chukwu Advertisement Disclosing this at the company’s 20th Annual General Meeting…

NIGERIAN BREWERIES NETS PROFIT GROWTH  BY 9% IN Q1 2017

Management and Board of the Directors of Nigerian Breweries Plc have released its first quarter results which shown a profit after tax stood at N11.44 billion in 2017 as against N10.45 billion in 2016, the amount represents a 9 per cent increase over the same period. According to the unaudited and provisional results sent to…

ETI, Unity Bank report an increased Bad loans by 28.7 per cent from N432.59 billion to close at N556.65bn

The impacts of the severe global unstable economy and dwindling oil prices has reflected in Ecobank Transnational Incorporated (ETI) and Unity Bank Plc’s report for 2016 which yielded N556.65 billion bad Loans (Non-Performing Loans) . The reports disclosed  that both financial Institutions’ bad loans increased by 28.7 per cent , representing N124 billion from N432.59…

Unclaimed dividends: SEC opens database for unregistered investors

The Securities and Exchange Commission, SEC, has again demonstrated  its resolve to end the incidence of unclaimed dividends in the capital market as it has opened a database of non-mandated accounts in the market. The database will help investors check their status with regards to registering on the e-dividend portal. The e-dividend registration is part…