Thursday, November 15, 2018

Mike 'Uzor

    Why insurance sector is still losing attraction

Why insurance sector is still losing attraction

The insurance sector isn’t getting the attention of investors in the current stock market rally that has seen some share prices double within three weeks of the new year. The sector continues to face weak growth in revenue and rising underwriting expenses.The core business of underwriting remains constrained in the face of operating difficulties but there are reasonable improvements in [...]

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    NNPC: Deficit spending climbs to four-month high

NNPC: Deficit spending climbs to four-month high

The NNPC Group closed its operations last November with the biggest monthly deficit since August 2017. [...]

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    Crude oil earnings down 50% in November — blame it on ‘subsidy’

Crude oil earnings down 50% in November — blame it on ‘subsidy’

Crude oil export revenue by Nigerian National Petroleum Corporation (NNPC) fell sharply by one-half in November 2017 to $113.97 million. [...]

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    2017 earnings: What to expect from conglomerates

2017 earnings: What to expect from conglomerates

Conglomerates have since lost the normal advantage of diversified operations that enable them maintain stability through the business cycle. Their usual advantage is to use earnings from highly growing markets to compensate for slowly growing or declining areas and thus maintain overall stable growth.The operators seem to have lost that advantage. Every market segment faces its own difficulties, making it [...]

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    Petroleum companies: Interest/input costs likely to hinder profits

Petroleum companies: Interest/input costs likely to hinder profits

Huge interest expenses as well as rising cost of sales were a major headache for petroleum marketers and producers in 2017. While the companies succeeded in reinforcing revenue growth in the year, rising input cost and huge finance expenses stood on the way of converting revenue into profit. Inability to grow wealth for shareholders despite improved revenue is expected to [...]

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    Crude revenue reaches 12-month peak — but fuel imports are a killjoy

Crude revenue reaches 12-month peak — but fuel imports are a killjoy

Crude oil export revenue reached the highest mark in 13 months at the end of September 2017 but continued importation of petroleum products is sapping much of the earnings, NNPC’s oil and gas report for the month of October has shown. [...]

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    NNPC’s deficit spending keeps growing

NNPC’s deficit spending keeps growing

NNPC’s oil and gas report for October 2017 shows a further increase in the corporation’s overall deficit spending -- despite a drop during the month compared to September. [...]

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    Healthcare companies responding to treatment

Healthcare companies responding to treatment

Pharmaceutical companies are pushing their way forward through the economic difficulties and the sector looks quite promising to be one of the firsts to get the spur of economic recovery. Nigeria’s large consumer market is able to consume its way out of economic decline and   healthcare companies here offer food and medicines that drive the rest of the consumer market.The [...]

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    REVEALED: Nigeria’s refining capacity drops to lowest in years

REVEALED: Nigeria’s refining capacity drops to lowest in years

Consolidated capacity utilisation of Nigeria’s three refineries dropped to 6.1% at the end of September 2017, a sustained decline from the average figure of 13.7% in 2016.  [...]

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    Outlook for cement companies: Expect profit rebound

Outlook for cement companies: Expect profit rebound

Cement companies are expected to have finished 2017 trading on a generally elevated earnings position, breaking forth from the loss of operating momentum that has greeted the sector since 2014. Rising cost of production has been a limiting factor for the operators here but they seem to have found a way around it in the concluded financial year.Further to that, [...]

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    Breweries: From despair to rising hopes

Breweries: From despair to rising hopes

Fiscal 2017 is a year in which new hopes have flickered through the breweries sector, holding mild turnaround prospects for a sector that has been in despair for the preceding three years running. Brewing companies have faced the worst operating period in decades since 2014. The total brewed products market moved from stagnation to a decline during these years.Breweries are [...]

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    Golden period for oil palm companies

Golden period for oil palm companies

Oil palm companies seem to be in a golden period, operating from the agricultural sector that is the growth driver of the economy and particularly favoured by the Central Bank’s restrictive foreign exchange policy. Agricultural sector has maintained positive growth all through the economic decline and is the positive force in the current recovery. The big advantage of oil palm [...]

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    Nascon Allied: Expect big profit leap at full year 

Nascon Allied: Expect big profit leap at full year 

Nascon Allied Industries is on the way to delivering one of the biggest profit advances from the food/beverages group at the end of 2017. The salt manufacturing company has sweetened shareholders’ expectations so far in the year with a year-on-year jump of 130% in after tax profit at the end of the third quarter trading last September.The principal business of [...]

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    Stock market outlook: Of roses and thorns

Stock market outlook: Of roses and thorns

The equities market, like the rose plant, is offering both roses and thorns at a time. It is possible to enter the market and find it to be full of roses while somebody else gets in and feels the pain of piercing thorns. The difference is the varying degrees of impact of the economic climate on businesses – some being [...]

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    Dangote Flour Mills: Another year of exceptional growth

Dangote Flour Mills: Another year of exceptional growth

Dangote Flour Mills is showing an operating strength recharged to grow revenue and profit above the 15-month records of the preceding year. The company’s third quarter report for the 2017 financial year shows exceptional growths in revenue and profit. The ability to push sales has added a new momentum to the company’s operations for the second year.Renewed earnings capacity for [...]

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    Transcorp: Bouncing back into profit

Transcorp: Bouncing back into profit

Transnational Corporation of Nigeria (Transcorp) will expectedly finish the 2017 financial year with a big rebound from a loss last year into a new profit high. A big foreign exchange loss that caused a loss of N1.13 billion in 2016 is out of the way as at the end of the third quarter last September. Strong improvements in revenue and [...]

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Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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