Invest Data Consulting Ltd

Photo Caption: From left, Godstime Iwenekhai, Head, Listing Regulation, The Nigerian Stock Exchange (NSE); Joseph Umolu, Company Secretary/Director, Legal Services; Oscar Onyema, Chief Executive Officer, NSE; John Coumantaros, Chairman, Flour Mills of Nigeria Plc; Paul Gbededo, Group Managing Director, Flour Mills of Nigeria Plc; Jacques Vauthier, Chief Finance Officer, Flour Mills of Nigeria Plc and Tony Ibeziako, Ag. Head, Listings Business Division, NSE during the Facts Behind the Issue presentation at the Exchange on Thursday, February 1, 2018. The management of Flour Mills of Nigeria Plc, on Thursday in Lagos assured the nation’s investment community that its ongoing N39.9bn rights issue by way of 1.476bn ordinary shares of 50 kobo each at N27 each, is part of efforts to reduce cost of servicing its commercial loans and retaining shareholder value. Specifically, the rights issue, which opened on January 15 and would close on February 21, 2018, is on the basis nine new shar...

United Capital Plc, Nigeria’s only listed Investment banking giant recently released its nine-month earnings report for the period ended September 30, 2017, with mixed performance with the top line looking north and bottom-line pointing the opposite direction- south, despite the relative improvement in the economy and the investment environment that had impacted positively on returns so far in the year. The company’s performance on quarterly basis have been below the numbers posted in 2016 which had kept its price performance moving relatively sideways after the May rally. United Capital has done well in its core operational areas of investment banking, trusteeship, asset management and securities trading as shown by the investment and trading income for the period under review. These were aggressively driven by robust technology, marketing and product innovation to deliver satisfactory services in an efficient manner, while ensuring cost is under serious management, to boost pr...