…Launches new affordable pasta to substitute rice consumption in Nigeria May 22, 2017/Dangote Flour Mills Plc Shareholders at the weekend in Lagos applauded the Dangote Flour Mills return to profitability after posting a profit before tax of N11.82bn for its financial year ended December 31, 2016. The Chairman of Dangote […]
Results & Dividends
Nigeria to earn $296,143 dividend from Islamic bank
May 22, 2017/Punch Ifeanyi Onuba The Federal Government is to receive $296,143 as dividend from the profit earned by the Islamic Development Bank for the 2016 financial period. The development was confirmed in a statement issued on Sunday by the Director of Information in the Ministry of Finance, Salisu Dambatta. […]
Dangote Cement Q1 2017 Results Review – Maintaining Outperform Rating
Culled—Proshare May 18, 2017/FBNQuest Research 2% increase to our price target; maintaining Outperform rating Dangote Cement’s (DangCem) Q1 2017 results came in ahead of our forecasts across the board. The variance relative to our forecasts was driven by (i) slightly higher pricing and unit volume in Nigeria which were around […]
