Date: = 09/10/2007 ||  7UP = 44.81 ||  ABCTRANS = 2.89 ||  ACADEMY = 5.5 ||  ACCESS = 21.5 ||  ADSWITCH = 3.46 ||  AFPRINT = 2.75 ||  AFRIBANK = 30.49 ||  AFROIL = 5.76 ||  AFRPAINTS = 1.01 ||  AGLEVENT = 3.13 ||  AIICO = 3.22 ||  AIRSERVICE = 18.5 ||  ALEX = 2.56 ||  ALUMACO = 2.65 ||  AP = 79.8 ||  ARBICO = 2.5 ||  ASHAKACEM = 50.5 ||  AVONCROWN = 4.23 ||  BAICO = 2.42 ||  BCC = 43.5 ||  BCN = 0.9 ||  BERGER = 7.02 ||  BETAGLAS = 16.5 ||  BOCGAS = 7.91 ||  CADBURY = 32.7 ||  CAP = 43.35 ||  CAPALBETO = 37.27 ||  CAPOIL = 0.81 ||  CCNN = 17.5 ||  CHELLARAM = 4.35 ||  CHEVRON = 145 ||  CILEASING = 5 ||  CONOIL = 53 ||  CONTINSURE = 3.04 ||  CORNERST = 3.52 ||  COSTAIN = 20 ||  CRUSADER = 4.28 ||  CUSTODYINS = 3.16 ||  CUTIX = 21 ||  DANGSUGAR = 35.5 ||  DIAMONDBNK = 17.15 ||  DNMEYER = 8.7 ||  DUNLOP = 2.99 ||  ECOBANK = 8.88 ||  EKOCORP = 7.49 ||  ELLAHLAKES = 2.92 ||  EPICDYNAM = 0.38 ||  EQUITYASUR = 1.79 ||  ETERNAOIL = 17 ||  ETI = 173.25 ||  EVANSMED = 7.25 ||  FCMB = 17.45 ||  FIDELITYBK = 11.99 ||  FIRSTALUM = 2.02 ||  FIRSTBANK = 40.5 ||  FIRSTINLND = 10.6 ||  FLOURMILL = 77.99 ||  FOOTWEAR = 2.26 ||  GLAXOSMITH = 17.11 ||  GNI = 3.8 ||  GUARANTY = 29 ||  GUINEAINS = 1.94 ||  GUINNESS = 126 ||  IBTC = 14.3 ||  IKEJAHOTEL = 7.14 ||  INTENEGINS = 2.44 ||  INTERCONT = 26 ||  INTERLINK = 1.8 ||  IPWA = 3.4 ||  JAPAULOIL = 6.02 ||  JBERGER = 57.29 ||  JOHNHOLT = 3.8 ||  JULI = 0.68 ||  LASACO = 2.89 ||  LAWUNION = 3.17 ||  LINKASSURE = 2.55 ||  LIVESTOCK = 2.99 ||  LONGMAN = 13 ||  MAYBAKER = 10.89 ||  MBENEFIT = 3.1 ||  MOBIL = 158.98 ||  NAHCO = 22.81 ||  NAMPAK = 8.37 ||  NASCON = 16.9 ||  NB = 43.6 ||  NBC = 54.5 ||  NCR = 4.2 ||  NEIMETH = 3.67 ||  NEM = 2.84 ||  NESTLE = 210 ||  NIG-GERMAN = 16.7 ||  NIGERINS = 4 ||  NIWICABLE = 3.3 ||  OANDO = 76.5 ||  OASISINS = 2.02 ||  OCEANIC = 33 ||  OKITIPUPA = 1.95 ||  OKOMUOIL = 27 ||  PHARMDEKO = 5.15 ||  PLATINUM = 30.27 ||  PREMPAINTS = 1.11 ||  PRESCO = 9.5 ||  PRESTIGE = 6.3 ||  PZ = 23 ||  RAKUNITY = 0.31 ||  ROYALEX = 3.89 ||  RTBRISCOE = 27.99 ||  SCOA = 2.59 ||  SKYEBANK = 14.6 ||  SOVRENINS = 3 ||  STACO = 2.57 ||  STDINSURE = 3.87 ||  STERLNBANK = 7.55 ||  THOMASWY = 3.6 ||  TOTAL = 153 ||  TOURIST = 2.81 ||  TRANSCORP = 4 ||  TRANSEXPR = 0.78 ||  TRIPPLEG = 5.2 ||  UAC-PROP = 22 ||  UACN = 38.63 ||  UBA = 53.08 ||  UBN = 42.91 ||  UNHOMES = 6 ||  UNIC = 3.15 ||  UNILEVER = 17.01 ||  UNIONDICON = 8.56 ||  UNITYBNK = 5.8 ||  UNTL = 2.8 || 
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News
Date Posted: 07-08-2007 02:44:37
FIRST BANK OF NIGERIA SHARE PRICE UP 16% IN FOUR DAYS BY GODDY IGENE & YEMI KOLAPO, THE PUNCH
The share Price of First Bank PLC has appreciated by 16% within four days following Investors favourable response to the Bank \'s impressive results for the year ended March 31, 2007.

First Bank PLC had last Friday announced a profit after tax of 20.4bn, up by 17.2% from 17.3bn in 2006.

Total Assets plus contingents grew by about 48% to N1.084tn, up from N733bn. In a surprise move, for many Investors , the banks announced a dividend N1 and a bonus of one share for every six shares already held.

High demand for the shares by Investors who want to benefit from the dividend and bonus has been boosting the Price since Friday. While Stock appreciated by 15% last week, it recorded a growth of 16% from N46.76 on Monday to close at N54.60 on Thursday. This translates into 31% Capital Groth within a week.

Market operators said that the Price would rise further as demand continue to increase.
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