NIGERIA’S INFLATION RATE – Year on year Decline to 16.01% 
The National Bureau of Statistics (NBS) released its CPI and Inflation Report for the month of August 2017 today. The report showed Nigeria’s inflation rate declined by 4 basis points from 16.05% to 16.01% year-on-year, the 7th consecutive month of decrease after reaching a peak of 18.72% in January 2017.


MULTI-TREX INTEGRATED FOODS PLC – Recommencement of Operations
Multi-Trex Integrated Foods Plc has notified the market that it has reached the closing phase in resolving the differences that led to temporary closure of the company’s operations by the Asset Management Corporation of Nigeria (AMCON). Consequently, the Company announced that it is optimistic that all necessary regulatory approvals would be obtained and that it would recommence operations within the last quarter of the year.
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STANBIC IBTC HOLDINGS – Reference Price for Scrip Dividend Issue
Stanbic IBTC Holdings has notified the market that with respect to the 60 kobo interim dividend approved by its Board of Directors, the reference price for determining the scrip dividend allotment for shareholders who elect to receive their dividends by way of new ordinary shares is N39.45. This is in accordance with  the authority granted by the shareholders of the Group at an Extra Ordinary General Meeting on 6th August, 2015. To be valid, any scrip dividend election must be made to the Company’s Registrars not later than 7 working days prior to the dividend payment date of 27th September, 2017.
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INTERNATIONAL BREWERIES PLC – Change in Financial Year End
International Breweries Plc has notified the market of the change in its financial year end from 31 March to 31 December of every year.
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