Culled—Proshare 31/8/2018/Zedcrest Capital ***PMI Grows at Faster Rater Rate in August*** – CBN KEY INDICATORS Indicator Value Commentary Inflation 11.14% As at August 15, 2018, 9bps down from 11.23% recorded in June 2018. MPR 14.00% Next MPC meeting scheduled for September 24 & 25, 2018 External Reserves $45.87bn As at […]
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SEC Charges Two Kentucky Men in Oil-And-Gas Offering Fraud
September 1, 2018/US SEC On August 30, 2018, the Securities and Exchange Commission charged two Bowling Green, Kentucky-area men with defrauding investors in oil-and-gas securities offerings. The SEC’s complaint, filed in federal court in Bowling Green, Kentucky, alleges that Scott Stacy Phelps and James Michael Harper raised approximately $611,000 by […]
UBA Plc H1” 18 Results – Resilient Performance; Company Declares N0.20 Dividend per Share
Culled—Proshare August 31, 2018/CardinalStone Research United Bank for Africa Plc (UBA) H1’18 results – Gross earnings rose by 13.7% YoY to N244.8 billion, slightly ahead of our estimate of N234.6 billion (+4.3% deviation). Similarly, after tax earnings improved, albeit moderately, by 3.4% YoY to N43.8 billion, a tad below our […]
