DAAR COMMUNICATIONS PLC – Late Filing of Accounts
Daar Communications Plc. has announced that the filing of its 2016 Audited Accounts will be delayed to a date not later than 30th April, 2017 as a result of the crash of its Accounting Software in its major operational base in its Lagos station.
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Cornerstone Insurance Plc. also notified the market of the resignation of the Chairman of its Board of Directors, Mr. Adedotun Sulaiman. The Board has consequently appointed Mr. Paul Kukoricha as the new Chairman of the Board. Paul is an Executive Partner at African Capital Alliance, a Private Equity Investment Management Company.
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MEDVIEW AIRLINE PLC – Board Resolutions
The Board of Directors of Medview Airlines Plc., at its meeting of 24th March, 2017, approved the 2016 Audited Accounts of the Company. Issues relating to dividend were also discussed and approved. Consequently, the Board proposed that the 1st AGM of the Company be held on 10th May, 2017.
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CEMENT COMPANY OF NORTHERN NIGERIA (CCNN) PLC – Audited Financial Result for the Year Ended 31st December, 2016
Revenue: 8% increase from N13bn to N14.1bn
Profit after Tax: 4% increase from N1.2bn to N1.3bn (FY 2016 EPS, 100 kobo; FY 2015 EPS, 96 kobo)
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CHAMPION BREWERIES PLC – Audited Financial Result for the Year Ended 31st December, 2016
Revenue: 10% increase from N3.5bn to N3.9bn
Profit after Tax: 588% increase from N77.1m to N530.4m (FY 2016 EPS, 7 kobo; FY 2015 EPS, 1 kobo)
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UNITED BANK FOR AFRICA PLC – Audited Financial Result for the Year Ended 31st December, 2016
Gross Earnings: 22% increase from N314.8bn to N383.6bn
Profit after Tax: 21% increase from N59.7bn to N72.3bn (FY 2016 EPS, 204 kobo; FY 2015 EPS, 179 kobo)

Corporate Action
Proposed Final Dividend:        55 kobo (2015, 40k; Total Dividends: 2016, 75k; 2015, 60k)
Proposed Bonus:                     Nil
Closure Date:                          3rd April, 2017
AGM Date:                              7th April, 2017 @ 10 am
Payment Date:                        10th April, 2017
AGM Venue:                            Eko Hotel & Suites, Plot 1415, Ademola Adetokunbo Street, VI, Lagos
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MRS OIL NIGERIA PLC – Audited Financial Result for the Year Ended 31st December, 2016
Revenue: 26% increase from N87.1bn to N109.6bn
Profit after Tax: 57% increase from N935.6m to N1.5bn (FY 2016 EPS, 577 kobo; FY 2015 EPS, 368 kobo)

Corporate Action
Proposed Dividend:     173 kobo (2015: 110 kobo)
Proposed Bonus:         Nil
Qualification Date:     23rd June, 2017
Closure Date:              26th to 30th June, 2017
AGM Date:                  25th July, 2017
Payment Date:            26th July, 2017
AGM Venue:                The Federal Palace Hotel, Victoria Island, Lagos
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PZ CUSSONS NIGERIA PLC – Financial Result for the 3rd Quarter Ended 28th February, 2017
Turnover: 13% increase from N50.7bn to N57.1bn
Profit after Tax: 3% decrease from N1.65bn to N1.6bn (9M 2016 EPS, 40 kobo; 9M 2015 EPS, 41 kobo)
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UNITYKAPITAL ASSURANCE PLC – Resignation of MD; Approval of Accounts
UnityKapital Assurance Plc has announced the resignation of its Managing Director/CEO, Mr. Olatunji Patrick Oluyemi, with effect from 23rd March, 2017. In his stead, Mr. Babatunde Oshadiya, the Executive Director, Operations, has been appointed as the Acting Managing Director/CEO pending the appointment of a substantive MD.
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The Board of Directors of the Company, at its meeting of 23rd March, 2017, also approved the 2016 Audited Accounts of the Company as well as the payment of a dividend. The accounts will be released once approved by the National Insurance Commission (NAICOM).
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