Invest Data Consulting Ltd

This sectorial index is a component of NSE benchmark Index that measure performance of consumer goods equities with mixed financial year end of March, June, September and December. The index action shows that the sector is in strong recovery mode from a three-year pullback as a result of the unimpressive numbers, political tension in 2014 pre-election, insecurity in Nigeria’s troubled North-East region as a result of the Boko Haram insurgency which significantly affected sales, uncertainty over the 2015 general election, unstable exchange rate regime, made worse by the unclear policy direction of the Federal Government that came to power on May 29, 2015, beginning with the delay in constituting a cabinet until after six months. It was only after the nation had sank deep in recession for a full year in 2016 that the government launched its Economic Recovery and Growth Plan (ERGP) in February last year. One of the hardest hit was the consumer goods sector, owing to the shortage...

United Bank for Africa Plc, which prides itself as “Africa’s global bank” continues its re-engineering and just as its name goes, it has continued a strategic expansion across the continent, already seeing impressive results from previous efforts as revealed by the diversification in revenue base. This much has reflected on its earnings, profitability and investment ratios, judging by the recently released nine months scorecard to the investing community. The nine-month score-card, besides giving investors the current state UBA’s financial health and direction to help investors plan their investment, has shown that the bank remains consistent in making it numbers available as at when due. UBA’s consolidating quarterly earnings performance so far in this current financial year has boosted share price and investor confidence, veritable ingredients that have sustained the uptrend performance in price which recently had become a trendy stock for all class of investors to play in...