Lafarge Africa Plc Retracing African Foot Print

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Morning Beats

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NCC: MTN pays N165b out of N330b fine The Nigerian Communications Commission (NCC) yesterday said telecoms giant, MTN, has paid N165billion out of the N330 billion fine slammed on it in 2015 for subscriber identity module (SIM) registration infractions. The Nation PMI rises to 58.8 in March The Purchasing Managers’ Index (PMI) report released by Stanbic IBTC Bank Nigeria has shown that private sector business conditions improved at an unparalleled rate in March. This was led by record growth in new orders, employment and stocks of purchases. The Nation Shell’s divestments hit $22.3b in two years Royal Dutch Shell said it has completed divestments worth around $22.3 billion over the period 2016-2017 out of its three-year (2016-2018) $30 billion divestment programme. The Nation BOA, SunTrust Bank seal MoU agric deal As part of efforts at revitalising agriculture as alternative mainstay of the economy, the Bank of Agriculture (BoA) and SunTrust Bank yesterday in Ab...
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United Capital Plc Financial Year End 2016

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The second stock out of the block after Forte Oil Plc. This one provided more hope than the earlier one and for dividend hunters a return of  13.51% on its last traded price is encouraging. find below the snap shot of the final result of 2016: Principal Activites: UCAP is engaged in the business on investment banking and provides issuing house, corporate investment advisory services, project finance, debt restructuring, mergers and acquisitions, debt capital markets. Through its subsidiaries, it provides additional services such as trusteeship, asset management, and securities trading. Quarter on Quarter Performance: 2016 was a good year for UCAP in all ramification compare to the previous year. Year on year it performed better. However, our focus here is on the quarterly performance for 2016. It started with a Q1 in terms of revenue of =N=1.8 billion followed by =N=1.7 billion in Q2, 2.0 billion in Q3 and 3.3 billion in Q4.  ...
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Morning Beats

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Tanker drivers commend government for improving road infrastructure The Petrol Tanker Drivers (PTD) branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has commended the Minister of Works, Power, and Housing, Babatunde Raji Fashola, on improvement in infrastructure development across the country. Guardian Bears emerge as index drops by 0.3% amid investors’ apathy The volatile pattern of the market, occasioned by the ongoing anxiety in Nigeria’s political environment has continued to drive cautious trading by investors on the Nigerian Stock Exchange (NSE), as the All-share index depreciates by 0.3% yesterday. Guardian Egina FPSO sail-away buoys oil, gas production increase Anticipated increase by 200,000 barrels of oil per day to Nigeria’s oil production (approximately 10 per cent of the country’s total oil production) received impetus following the successful sail-away of the Egina Floating, Production, Storage and Offloading (FPSO). Guardian ...
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