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    Presco: Another year of outstanding earnings leap

Presco: Another year of outstanding earnings leap

Presco, the oil palm producing company, is experiencing another year of galloping growth in revenue and profit that has lifted the company into the top range of listed companies by earnings per share. Last year, the company registered an explosive profit high jump that established profit well above sales revenue. It multiplied after tax profit close to nine times to [...]

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    Nestle Nigeria: Defending profit against rising cost

Nestle Nigeria: Defending profit against rising cost

Nestle Nigeria is again struggling with rising costs but appears to be definitely in a better position to rebuild and grow profit this year. The company is looking good to remedy the profit slump of last year and set a new profit high in 2017. That depends on its ability to sustain the earnings performance seen in the first quarter.Three [...]

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    Nigerian Breweries looks promising to rebuild profit in 2017

Nigerian Breweries looks promising to rebuild profit in 2017

Nigerian Breweries has made a promising first quarter start that could see a renewed strength in profit performance this year. The brewing company had lost over 25% of net profit last year, reducing profit to the lowest figure in several years. This year is however looking good for the company in terms of good prospects for lifting profit to a [...]

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    Unilever Nigeria hopeful for another profit leap

Unilever Nigeria hopeful for another profit leap

Unilever Nigeria’s first quarter operations have raised hopes for another high rise in profit in 2017 after registering a 158% advance in after tax profit in 2016. It was a turnaround for the company last year that ended three years of running profit fall. The company’s turnaround momentum appears to be gaining speed this year and the conglomerate looks promising [...]

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    Fidelity Bank sustains dividend despite profit drop

Fidelity Bank sustains dividend despite profit drop

Fidelity Bank closed the 2016 operations with a profit drop that has altered the course of its recovery from a major profit fall in 2013. Despite that, it has sustained dividend payout for the fifth year running. Revenue growth was sustained in the year but rising credit losses weakened profit margin and reduced profit to the lowest figure in three [...]

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    PZ Cussons returns to profit, hopes for rebound at full year

PZ Cussons returns to profit, hopes for rebound at full year

PZ Cussons returned to profit at the end of the third quarter in February 2017 as earlier anticipated, having wiped out fully its loss position in the first quarter. A strong third quarter trading lifted the company from a net loss of N289 million at the end of the second quarter to a net profit of N1.6 billion at the [...]

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    Cadbury Nigeria back in the red

Cadbury Nigeria back in the red

Cadbury Nigeria’s six years of sustained profitable operations since it returned to profit in 2010 was broken last year.  The beverage and confectionaries manufacturing company has kissed a loss again. Improved final quarter earnings performance reduced the company’s net loss from N842 million at the end of the third quarter to N296 million at full year. This is a sustained [...]

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    Stanbic IBTC rebuilds profit, steps up revenue

Stanbic IBTC rebuilds profit, steps up revenue

Stanbic IBTC’s earnings report for the 2016 operations shows a rebound in profit performance and an accelerated growth in revenue. As projected, the bank has remedied the slacken earnings performance in the preceding year with revenue and profit right on target. Revenue growth had slowed down in 2015 and profit dropped to the lowest figure in three years. The bank [...]

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    Total Nigeria: Biggest earnings leap in record

Total Nigeria: Biggest earnings leap in record

Total Nigeria’s expected big haul from 2016 operations has been realised. The oil marketing company, in line with our earnings projections, lifted sales revenue by 40% - the strongest revenue growth record in several years. Also, as projected, the company multiplied profit more than three and half times to register the biggest profit advance in many years.As expected, Total has [...]

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    Unilever Nigeria: Interest income lifts profit

Unilever Nigeria: Interest income lifts profit

Unilever Nigeria raked in an interest income windfall in the final quarter that produced a major profit rebound in 2016. Finance income soared from only N75 million at the end of third quarter to over N1 billion at full year, which lifted after tax profit from N1.57 billion at the end of the third quarter to N3 billion at full [...]

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Exchange Rates

May 19, 2017USDGBPEUR
INTERBANK314.74407.47351.28
LAGOS381485420
KANO380485418
PH385490425
ABUJA380485420
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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