Oil and Gas Free Zones Authority Nigeria

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United Bank for Africa (UBA) Plc: A Solid Bank

uba

By Folakemi Emem-Akpan Outlook We are of the opinion that the 2016 operational year will be one of further progress for UBA, and should be a rewarding one for investors and shareholders. Our CAMEL analysis of the bank’s 2015 results shows improvement over the preceding years result in terms of profit making, retention and dividend payout to shareholders. For the ...

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Fidelity Bank Plc: Lower Dividends in View

fidelity bank

By Folakemi Emem-Akpan Outlook Our analysis of Fidelity Bank’s recent financial reports shows that the 2015 year was not nearly as profitable as 2014 was. While it earned more income during the course of the year, profit margins were lower and investor compensation smaller. The 2016 financial year also does not seem to be shaping up to be better than ...

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AG Leventis Plc: Not to Expect a Dividend

AG Leventis

By Folakemi Emem-Akpan Projections/Future outlook We predict that the 2016 financial year will not be as profitable for AG Leventis (and by extension its shareholders) as 2015 was. In 2015, it was unable to control its cost of sales and therefore turned out a loss.  It however dipped into reserves to declare a dividend. Common sense shows that it might ...

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GTBank Plc: Greater Feats in Store

By Folakemi Emem-Akpan Outlook The 2015 was a profitable one for Guaranty Trust Bank (GTBank) Plc, albeit a slightly less profitable one than 2014 was. Despite the economic recession, it was able to concentrate on core banking operations and turn out a decent profit, most of which it dedicated to dividend payout to shareholders. The 2016 financial year even seems ...

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Forte Oil Plc: A Slightly Tougher Year Ahead

Forte Oil

By Folakemi Emem-Akpan Projections/Future outlook We predict that the 2016 financial year will not be as profitable for Forte Oil and by extension its shareholders as 2015 was. In 2015, it was able to control its cost of sales and therefore turned out a decent profit. For the nine years already recorded out of 2016, it was unable to do ...

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Union Bank of Nigeria Plc: No Reward for Shareholders

union bank

By Folakemi Emem-Akpan Outlook This is a bank that has not been able to fully recover from a loss position in 2011. It has since returned to profitability but has not been able to reward shareholders with a dividend in 7 years. The 2016 financial year, while shaping up to be better than 2015, might however prove no different for ...

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SON seeks Customs’ support against inferior products

THE Standard Organisation of Nigeria has solicited the collaboration of the Nigeria Customs Service to check the influx of sub-standard products in Cross River State. The Head of SON, Cross River State office, Mr. Udeme Udom, made this known on Tuesday in Calabar when he paid a courtesy visit to the Area Comptroller of NCS in the state, Mr. Bapetel ...

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How Nigerians circumvent local content policy

For some Nigerians who are worried about the perceived non committal implementation of the local content policy, fellow citizens have been sabotaging the efforts of the government, said Mr. Emmanuel Ekon, Chairman, House Committee on Local Content. Speaking at the just concluded Offshore Technology Conference, OTC, IN Houston, Texas, Ekon, who represents Abak Federal Constituency, said that some Nigerian professionals, ...

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