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Dangote Sugar Refineries Plc: Margin expansion amidst slowed sales

IN Q1’18 Dangote Sugar Refineries’ revenue declined 30.9% year-on-year (YoY) to  N41.1 billion, much lower than analysts’ projection of  N48.2 billion for the quarter (-17.2% deviation). But the company’s after tax earnings improved by 10.9% YoY to  N5.3 billion, although this also lagged analysts’  N6.8 billion estimate (29.7% deviation).

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Diamond, Fidelity boost financial inclusion with N543m

TWO banks, Diamond Bank and Fidelity Bank have rewarded over 5000 customers with N543 million in a bid to promote savings culture and enhance financial inclusion in the country. In the details Diamond Bank rewarded 4,957 customers with N433 million through its ‘DiamondXtra’ savings promo season 10, while Fidelity Bank has given out N110 million to 185 customers via its ‘Get Alert in a Million’ promo, which commenced October last year.

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Understanding Dormant Bank Account

YOUR bank account becomes dormant if you don’t use it to perform any transaction for two years. Such transactions include withdrawal of cash at a branch or Automated Teller Machine (ATM), payment by cheque, transfer of funds through Internet banking, mobile banking or ATMs, receiving dividend on shares or the interest of your fixed deposit in your savings account.

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