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03 September 2010	ADSWITCH 1.90  0.00    CAPOIL 0.50  0.00    CUTIX 2.95  0.00    LIVESTOCK 0.55  -0.02    OKOMUOIL 12.60  0.60    PRESCO 6.98  -0.01    NAHCO 9.12  -0.08    DUNLOP 0.50  0.00    RTBRISCOE 3.40  0.00    ACCESS 7.90  -0.20    AFRIBANK 1.80  -0.03    DIAMONDBNK 6.42  -0.07    ECOBANK 4.47  0.03    FCMB 6.55  0.20    FIDELITYBK 2.33  0.00    FIRSTBANK 12.49  -0.26    FIRSTINLND 0.50  -0.01    GUARANTY 15.49  0.09    IBTC 8.80  -0.18    INTERCONT 1.89  0.09    OCEANIC 1.50  -0.04    PLATINUM 1.29  0.06    SKYEBANK 6.87  -0.04    SPRINGBANK 0.76  0.00    STERLNBANK 1.90  0.07    UBA 9.60  0.21    UBN 4.52  -0.23    UNITYBNK 1.01  0.00    WEMABANK 1.01  0.04    ZENITHBANK 12.50  0.03    GUINNESS 163.10  0.11    INTBREW 6.99  0.00    NB 72.38  2.38    ASHAKACEM 22.05  1.05    BCC 65.00  0.80    CCNN 14.96  0.50    WAPCO 37.11  -0.89    BERGER 6.61  -0.34    CAP 35.18  0.00    REDSTAREX 2.86  -0.15    NCR 7.30  0.00    TRIPPLEG 3.96  0.00    PZ 32.50  0.00    TRANSCORP 0.50  0.00    UACN 39.51  -0.75    UNILEVER 24.00  -0.02    COSTAIN 6.87  0.32    JBERGER 52.73  0.00    NIWICABLE 0.55  0.00    7UP 47.90  -2.10    CADBURY 26.50  0.15    DANGFLOUR 17.03  -0.07    DANGSUGAR 16.49  -0.08    FLOURMILL 70.25  0.00    NASCON 6.40  -0.32    NBC 36.29  -1.91    NESTLE 375.00  4.00    NNFM 47.00  0.00    UTC 1.08  0.00    EVANSMED 1.36  0.01    GLAXOSMITH 29.00  0.00    MAYBAKER 4.69  -0.24    NEIMETH 2.41  0.00    ALUMACO 7.75  -0.40    BOCGAS 10.18  0.00    FIRSTALUM 0.97  0.04    VITAFOAM 6.20  -0.10    VONO 0.63  0.00    AIICO 0.96  -0.05    CONTINSURE 1.18  0.02    CORNERST 0.50  0.00    CRUSADER 0.50  0.00    CUSTODYINS 3.50  0.00    EQUITYASUR 0.50  0.00    GNI 0.50  0.00    GUINEAINS 0.50  0.00    HMARKINS 0.50  0.00    INTENEGINS 0.50  0.00    LASACO 0.50  0.00    LAWUNION 0.52  -0.02    MBENEFIT 0.50  0.00    NEM 0.52  0.02    NIGERINS 1.00  0.04    OASISINS 0.51  0.00    PRESTIGE 2.85  0.00    REGALINS 0.50  0.00    ROYALEX 0.54  0.00    STDINSURE 0.50  0.00    UNIC 0.50  0.00    WAPIC 0.58  -0.03    JAPAULOIL 1.19  0.05    UNHOMES 0.72  0.03    BAGCO 2.44  0.00    NAMPAK 4.44  0.00    AP 31.26  1.48    CHEVRON 81.70  0.00    CONOIL 45.00  0.00    ETERNAOIL 6.94  0.00    MOBIL 173.00  0.00    OANDO 62.24  0.00    TOTAL 250.00  0.00    ACADEMY 5.50  0.00    LONGMAN 6.66  0.00    UPL 7.50  0.00    UAC-PROP 19.55  -0.30    ABCTRANS 0.57  0.02    UNTL 0.84  0.00    ETI 16.00  -0.50

2010-05-13 Oando declares N91.3b turnover, N3.1b profit in first quarter OANDO Plc, yesterday, announced N91.3billion turnover and N3.1billion profit after tax for the first quarter ended March 31, 2010. The figure represents 18 and 73 per cent increase respectively over the same period in 2009 In a statement yesterday, the management of the firm described the result as a reflection of group's increasing contributions from diversified platform coupled with "the satisfactory financial performance of the base downstream business". According to Oando, the midstream division generated new revenues from its first Independent Power Project It added that the upstream division deployed a 2nd swamp-drilling rig to commence a contract with an International Oil Company while there was an increased crude oil production from its producing assets. "The downstream division received delayed interest payments on Petroleum Subsidy Fund (PSF) from the Petroleum Products Pricing Regulatory Authority which significantly contributed to its profitability," the statement added. Also, Oando said the management's ongoing focus on operational efficiency and cost control continued to yield results as administrative expenses reduced by 44 per cent compared with the first quarter of 2009. In his submission, Chief Executive Officer of Oando, Mr. Wale Tinubu said, "I am happy to announce a positive start to the year. The first quarter's success is attributable to the increase in earnings from the midstream and upstream divisions as the new project initiatives continue to come on stream. "Further more, our downstream division has performed creditably in line with our financial expectations. "The quarter heralded our launching the first major capital market transaction in recent times with a Rights Issue exercise which received overwhelming support from our shareholders and closed with a 28 per cent oversubscription. Our Gas and Power division commissioned our first captive power plant for Lagos State Water Corporation, and in so doing substantially reduced their operational costs. "Furthermore, the project has major social consequences as clean potable water has increased by 300 per cent. Our Energy Service division deployed an additional swamp rig to commence operations with a major International Oil Company and our Exploration and production also increased production from our producing Oil and Gas assets," said Tinubu. Explaining further, he said "2010 promises to be a year of tremendous growth for our company. In the downstream our ability to substantially increase throughput has been assured by the introduction of the Sovereign Debt Note Program, which guarantees all Petroleum subsidy fund payables. "In the upstream, the local content Policy initiative which promotes indigenous companies has been elevated into Law thus guaranteeing preferential terms, both fiscal and operational for Nigerian Corporate". Source:© Copyright Guardian 2010-09-02 Stock market performance remains wobbly 2010-09-02 Buhari’s party plans alliance with 35 others 2010-09-02 Steady power will cost N7.5tr 2010-09-02 America agency trains farmers on cassava 2010-09-01 Nigeria's microfinance policy review underway Lagos Address: 15A, Adeola Odeku Stree Victoria Island Lagos, Nigeria. Telephone Numbers: +234 702 751 0021-30 (Hotlines) +234 709 812 0796 +234 709 812 2336 +234 1 277 1214 +234 1 277 1215 Fax: 234 1 4613787 The Nigerian Stock Exchange Securities & Exchange Commission Central Bank of Nigeria Pencom Nigeria Debt Management Office home | contact | webmail | terms & conditions © 2008 STI Limited All Rights Reserved