Daily Archives: February 18, 2016

FMDQ accepts Guinness Nigeria N10bn Commercial Papers listing

FMDQ OTC Securities Exchange, said on Thursday it has admitted Guinness Nigeria Plc N10bn Commercial Paper listing on its platform.

The company (FMDQ) said in a statement released to the News Agency of Nigeria (NAN) in Lagos, that the Board Listings, Markets and Technology Committee of FMDQ granted its approval for the brewer to be quoted on its platform after having met all the requirements.

South Africa’s Distell Group reports 18% rise in Half-Year (H1) profits as festive discounts, exports lifts sales

South Africa’s largest wine and spirits producer Distell Group Ltd, said on Wednesday that half-year profits rose 18%, helped by holiday wine discounts and higher earnings from exports due to the weaker rand currency.

The company, which also makes ciders such as Savanna, Hunter Gold, Hunter Dry, among others, said that sales by volume climbed 7.7% in the six months through December, compared with 3.7% a year earlier.