gdp-q2-2017-1

GDP Expanded by 55 bps in Q2 2017 – Data released by the National Bureau of Statistics (NBS) indicated that Nigeria’s GDP grew by 0.55% year-on-year indicating the emergence of the economy from recession after five consecutive quarters of contraction since Q1 2016.


ECOBANK TRANSNATIONAL INCORPORATED – Senior Unsecured Loan Facility
Ecobank Transnational Incorporated has announced the signing of a 5-year Senior Unsecured Loan Facility of USD 250 million to primarily refinance maturing facilities.
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GUINNESS NIGERIA PLC – Financial Result for the Year Ended 30th June, 2017
Revenue: 23% increase from N102bn to N125.9bn
Profit after Tax: 195% increase from (N2.0bn) to N1.9bn [FY 2017 EPS, 128 kobo; FY 2016 EPS, (134 kobo)]

Corporate Action
Proposed Dividend:     64 kobo per share (2016: 50 kobo)
Closure Date:              25th – 29th September, 2017
AGM Date:                  25th October, 2017
Payment Date:            26th October, 2017
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