November 11, 2016/AfDB In response to the challenges facing Regional Member Countries (RMCs) in the fight against corruption and in line with the institution’s priorities, the Board of Directors of the African Development Bank on Wednesday, November 9, 2016, approved the establishment of the Africa Integrity Fund (AIF). The Fund, […]
Updates
Senate Set to Strengthen AMCON’s Debt Recovery Drive
November 10, 2016/AMCON The Chairman of Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Ibrahim yesterday in Uyo hinted that the time would soon run out on recalcitrant obligors of Asset Management Corporation of Nigeria (AMCON), given the renewed commitment of the Senate to build strategic collaborations […]
Cement Company of Northern Nigeria Plc – Weak Topline, Cost Pressure Derail Q3’16 Earnings
Culled—Proshare November 10, 2016/Vetiva Research CCNN’s 9M’16 PAT was down 56% y/y to N0.7 billion (Vetiva estimate: N1.0 billion) following a disappointing Q3. Despite q/q increase in cement prices (46% price hike only took effect from September), revenue over the 3-month period declined 5% q/q to N2.7 billion and suggests […]
