Investors Bite

Nigerian Breweries: Q1-18: Revenue decline and higher finance charges outweigh improvement in gross profit margin

April 24, 2018/Cordros Report Update: NB published its Q1-2018 result yesterday, showing revenue contracted at single-digit and finance charge increased at high double-digit y/y. Both outweighed the improvement in gross profit margin and the decline in opex, resulting in PBT and PAT coming short by 13% and 11% y/y respectively. […]

Dangote Cement Names Engr. Joseph Makoju as MD/CEO

April 24, 2018/NSE Dangote Cement Plc, Africa’s largest cement producer, announces the appointment of Engr. Joseph Oyenani Makoju as the Managing Director/ Chief Executive Officer of the Company. Engr. Makoju was appointed to the Board of Dangote Cement Plc in 2010, as a Non-Executive Director. He became acting Managing Director […]

Sterling Bank Says Tamarakare Yekwe Exits as Independent Director

April 24, 2018/NSE We wish to notify you of the retirement of Ms. Tamarakare Yekwe, MON as an Independent Director of Sterling Bank Plc (the Bank). Ms. Yekwe was appointed as an Independent Director of the Bank in February, 2014. Her retirement comes after 4 years of meritorious service to […]