Investors Bite

Dangote Sugar to raise N21 bn from capital market

May 3, 2017/Vanguard By Nkiruka Nnorom DANGOTE Sugar Refinery, DSR Plc, has revealed plans to raise N21.2 billion through equity injection from the capital market to fund its backward integration project and also actualise the Dangote Sugar Master Plan. The Group Managing Director, Mr. Abdullahi Sule, who made the disclosure, […]

Presco Plc – Impressive Start to FY’17, Ahead of Estimates

Culled—Proshare May 3, 2017/Vetiva Research Bullish line performances amidst strong product pricing EBIT beats estimate, up 167% y/y PBT almost triples even after excluding revaluation gains Improved plantation yield to drive FY’17 volume growth Valuation revised higher on improved earnings outlook Strong domestic palm oil prices lift earnings PRESCO’s Q1’17 […]

Africa investor, Africa50 Partner to Co-Host African CEO Project Developers’ Summit

May 3, 2017/AfDB Africa investor (Ai), the international investment and communications group, and Africa50, the pan-African infrastructure fund, in partnership with the African Development Bank, will co-host the 3rd Ai CEO Infrastructure Project Developers Summit on May 3 in Durban, South Africa. The Summit will bring together CEO’s of leading […]