Culled—Proshare August 23, 2016/FBNQuest Research Additional upside post earnings upgrade Following Access Bank’s Q2 2016 results, we have increased our 2016-17E PBT estimates by an average of 22%. Our new 2016E PBT forecast of N96bn implies a y/y growth of 28%. Despite continued strong fx swap income, we still expect […]
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SEC Proposes New Rule on Application of 12 Years, Above Unclaimed Dividends
August 23, 2016/SEC Pursuant to the provisions of Section 313(1)(n) of the Investments and Securities Act(ISA) 2007, the Commission hereby proposes this Rule: Companies and Registrars in custody of dividends which remain unclaimed by shareholders 12 years after the date of declaration or subsequently attain the 12 years threshold shall upon […]
FirstBank names Patrick Iyamabo as the new Chief Financial Officer
August 23, 2016/First Bank of Nigeria Ltd First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, today announced the appointment of Mr. Patrick Iyamabo as its new Chief Financial Officer (CFO).The appointment follows the elevation of the former CFO, Dr. Adesola Adeduntan to Managing Director/CEO […]
