October 31, 2017/Cordros Research Treasury bills worth N100.84 billion will mature on Thursday, 2nd October, 2017 – comprising N23.06 billion, N23.43 billion, and N54.35 billion of the 91-day, 182-day, and 364-day bills, respectively. In customary fashion, the CBN will offer the same amount at the primary auction which will hold […]
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SEC arraigns Man over Capital Market Identity scam
October 31, 2017/SEC The zero tolerance stance on market infractions and fraud of the Securities and Exchange Commission (SEC), received yet another major boost Tuesday when Mr. Oyekun Akinsemoyin was arraigned before the Ikeja magistrate court 1 on charges of conspiracy , forgery, fraud and impersonation contrary to sections 412, 380 and […]
FLOURMILLS Q2-17/18 PAT; FX Gains Spur Earnings
October 31, 2017/Cordros Research FLOURMILL just published Q2-17/18 and H1-17/18 results showing high double-digit growth in post-tax profit. The primary driver of the profit growth (as was the case in Q1) is a net operating gain of N1.92 billion, against a loss reported in Q2-16. That aside, gross profit was […]
