August 2, 2016/Reuters Flour Mills of Nigeria has registered plans with regulators to raise up to 40 billion naira ($128 million) in equity over the next three years, its chief financial officer said on Tuesday. Jacque Vauthier said the company’s directors had decided that the most appropriate way to raise […]
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Proshare and NASD Plc form strategic partnership to boost the Nigerian Financial Market
August 2, 2016/Proshare Proshare, Nigeria’s premier Economic and Financial Information Hub and NASD Plc, Nigeria’s foremost securities exchange for unquoted public companies, today announced a landmark partnership aimed at communicating the activities and developments of the NASD OTC market towards fostering transparency, education and growth. Following the launch of Proshare […]
Dangote Sugar Refinery Plc Q2 16 – Interest savings on debt pay-down saves the day
Culled—-Proshare August 01, 2016/ARM Research Last Friday, Dangote Sugar Refinery Plc (DSR) released its unaudited H1 2016 result wherein PBT and PAT rose 13.8% YoY and 16.9% YoY to N11.2 billion and N7.4 billion respectively. Focusing on Q2, despite FX induced input cost pressures, which offset strong top-line growth, interest savings following […]
