Culled—Proshare March 12, 2019/Coronation Research The reporting season for banks continues with two high-quality banks (see page 2) enjoying big increases in Non-Interest Income in 2018 – critical in our view, for long-term growth. FX Last week, the NIFEX rate remained stable at NGN358.79/US$1. The NAFEX rate appreciated by 0.09% […]
Results & Dividends
NOVA Merchant Bank Declares N1.15bn Post-Tax Profit, Maintains Focus on Scaling its Business
March 11, 2019/Nova Merchant Bank Ltd NOVA Merchant Bank Limited has declared a profit after tax of N1.15 billion for the year ended 31st of December 2018, a significant increase from N510.6 million achieved in 2017, marking a 125% increase. The result is achieved as it begins to reap the benefits […]
Africa’s Richest Man Aliko Dangote To Pocket $650 Million In Dividends
March 8, 2019/Forbes Mfonobong Nsehe Contributor Africa’s richest man, Aliko Dangote, is set to pocket almost $650 million in dividends from profits made by his Dangote Cement in 2018. Dangote Cement PLC recently released its FY’18 results, reporting sales of $2.5 billion, up 12.11% from $2.23 billion in 2017. Profit […]
