September 6, 2017/XLR8 Stanbic IBTC, a member of Standard Bank Group, in the second quarter of this year, facilitated a staggering $589.84 million capital inflow into the country, ranking it first among financial institutions that imported capital into Nigeria. The Nigerian Bureau of Statistics (NBS), in its Capital Importation Q2 […]
Results & Dividends
Stanbic IBTC Holdings Q2 2017 Results Review – Likely Easing of Cost of Risk In H2 Bodes Well
Culled—Proshare September 6, 2017/FBNQuest Research Post roll-over to 2018, keeping Neutral rating We have rolled over our price target for Stanbic IBTC (Stanbic) to 2018, increasing our target by 56% in the process to N39.2. Apart from the rollover effect, the other driver behind the marked uplift is a 17% […]
Guinness Nigeria Grew PBT by 213.41% in 2017 FYE Despite Increase in Costs
September 6, 2017/Cowry Asset Guinness Nigeria Plc today released its financial statements for the year ended 30, June 2017; Revenue increased year-on-year (y-o-y) by 23.48% from N101.97 billion to N125.92 billion. The company also recorded a 90.17% increase in Finance Income to N2.25 billion and a 57.10% increase in “Other […]
