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BusinessDay 09 Apr 2018

BusinessDay 09 Apr

usinessday market monitor Commodities Brent Oil $67.37 Cocoa US $2,448.00 NSE Biggest Gainer Biggest Loser Nestle Mobil N1385 0.36pc N170 -7.10pc 40,841.14 Bitcoin 2,378,347.35 -1.10pc Powered by Everdon Bureau De Change $-N £-N €-N BUY SELL 360.00 363.00 496.00 505.00 434.00 444.50 FOREIGN EXCHANGE TREASURY BILLS Market Spot $/N 3M 6M I&E FX Window 360.01 0.00 -0.01 CBN Official Rate 305.60 12.91 14.46 FMDQ Close 5 Years 0.00% 13.50% FGN BONDS 10 Years 0.00% 13.64% 20 Years 0.00% 13.56% NEWS YOU CAN TRUST I **MONDAY 09 APRIL 2018 I VOL. 15, NO 28 I N300 @ g Shebah Petroleum drags feet on $143m loan repayment ... As London court throws out appeal LOLADE AKINMURELE Time is wearing thin for indigenous oil exploration and production company, Shebah, whose latest appeal of a $143 million lawsuit brought Continues on page 46 BPE finalises plans to sell Yola , Afam Power firms ... appoints FBN Quest Consortium as sole transaction adviser OSA VICTOR OBAYAGBONA The Bureau of Public Enterprises (BPE) has reiterated its resolve not to compromise on transparency and integ- Continues on page 46 Inside Stakeholders set for BusinessDay BUSINESS DAY Capital Market and Investors Forum P. 4 BALA AUGIE An increase in selling prices across key products and the improving economic environment has helped bolster the margins of most listed consumer goods firms in the country. This means that these firms have been able to turn each Nai- L-R: Olayinka Oladiran (K’ola), presenter, MTV Base; Michille Andrade, COO, Workspace Nigeria; Omowunmi Martins, head, marketing and branding, Andersen Tax, Nigeria, and Mobola Akinkugbe, partner, Auctus Legal Firm, at the BusinessDay Millennial Hangout Women’s edition in Lagos. Pic by Olawale Amoo Consumer firms’ profit gains as price hike raises margins Nestle, Dangote Sugar see biggest margin expansion Stocks rally on improved profitability ra invested in sales in generating higher profit, which also signals improved efficiency as they turned more input into output. BusinessDay analysed data from the 2017 audited financial statements of 14 of the largest listed firms in the Nigerian Stock Exchange (NSE) consumer goods index. The index comprises the most capitalized and liquid companies in food, beverage and Continues on page 4

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