SCOA NIGERIA PLC: Audited result for the year ended 31st December 2008 shows turnover of N3,045.1million as against N2,745.75million in 2007. Profit after tax and exceptional items stood at N231.91million compared with N822.5million in 2007. The board of directors is recomending a dividend of N0.10 per share.The date of closure of register is 13th january, 2010 while payment date is Febuary 23rd, 2010.

UNION BANK OF NIGERIA PLC:Unaudited result for the half year ended 30th September2009 shows Gross earnings of N97,506.0 as against N59,715.0 in the comperable period of 2008.loss and exceptional items stood at N222,858 million compared with profit after tax and exceptional items stood at N14,193 million in 2008.

AFRI BANK NIGERIA PLC:Unaudited result for the half year ended 30th September 2009 shows Gross earnings of N64,238.01 million as againsts N43,284.4million in the comparable period of 2008.loss after tax and exceptional items stood at N71,225.6million compared with profit after tax of N11,866.45 million in 2008.The bank provided for risk assets of N647.84million and exceptional items of N83,503.14million in 2009.

INTERCONTINENTAL BANK PLC:Unaudited result for the period ended 30th september 2009 shows Gross earning of N119,770million as against N164,822 million in the comparable period of 2008.loss after tax and exceptional items stood at N328,450million compared with profit after tax and exceptional items of N28,561million in 2008.The Group has fully provided for the significant amount of N195.37 billion as loan loss provision and N241.32 billion as demunition on investment and other known losses during the period under review.The loan loss provision amount included the recomended additional loan loss provision of N117.83billion from joint CBN/NDIC examination.The Group recorded loss before tax but after exceptional items of N447,451 million compared with profit before tax but after exceptional items of N33,033 million in 2008.0 million in 2009.

OCEANIC BANK PLC:Unaudited result for the third quarter ended 30th September 2009 shows Gross earning of N46,830.84million as against N112,265.4million in 2008.loss after tax and exceptional items stood at N286,036.63million compared with profit after tax and exceptional items of N29,082.34million in 2008.the bank recorded loss before tax but after exceptional items of N4000,901.32million compared with profit before tax but after exceptional items of N36,524.2miliion in 2008.

FINBANK PLC:UNaudited result for the 11 month ended 30th September 2009 shows Gross earnings of N59,542.14million as against N50,187.12million in the comparable period of 2008.loss after tax and exceptional items stood at N120,686.2million comparedwith profit after tax and exceptional items of N8,256.1million in 2008.

"BREAKING NEWS:PORT-HARCOURT BRANCH NEW ADDRESS-48,OLD ABA ROAD(1ST FLOOR)MODERN BUSINESS MACHINE(MBM)PLAZA BESIDE SHELL INDUSTRIAL AREA RUMUOMASI,PORT-HARCOURT.

APT WEALTH ADVISORY:The Moment of Maximum Hopelessness:If you are like most investors, you are probably wondering what to do with your money right now. Sell short? Buy fertilizer stocks? Or stuff your money under the mattress until the trouble pass.We’ve a better idea,We’ve a few answers. They are not good answers, but they are honest, which is the only good quality for this kind of post-mortem.First we recognize that there is no one best way for investing in stocks,my friends and I refused to get out of our hot stocks both in the banking and other sectors,because they had made us so much money on the way up…..at least on paper.The emotional charge that comes from watching an account balance grow (really fast!) doesn’t just go away.You don’t want to give up on those investments.

Secondly, we think we may be right to say ultimately,if the world economic and financial crises coupled with the current developments in the domestic financial scene is anything to go by, that what drives the market the fastest is bad news and good news from news sources.Lots of investors hit the sell button at the point bad news hits,as witnessed recently in the price movements of the troubled banks( Oceanic,Intercontinental,Fin bank,Afribank,Platinum etc)for instance,even during the bear stern crises,Oceanic bank was trading within the price range of N6-N10 by May to July last year,immediately after the CBN August Bank Tsunami Oceanic was on a free fall to N1.88 by Friday 6th 2009, and they kept hitting it every time more bad news confirmed how bad the situation was.

His exact words were that the Nigerian stock market is finished.But history has proven them wrong the only difference is traceable in the magnitude of the calamity:“The market is never wrong but opinions are” Jesse L. Livermore.The moment of maximum hopelessness marks the start of the next bull market.

VITAFOAM OF NIGeria PLC:Audited result for the half year ended 30th september 2009.The Board is recommending a dividend of N0.25 per share.the date of closure of register of members is 15th febuary 2010.

BANKPHB PLC:Unaudited result for the fifteen months ended 30th september 2009 shows Gross Earning of N214,399.8million, as against N87,228.42million during the year ended 30th june 2008.Loss after tax and exceptional items stood at N387,784.14million compared with profit after tax of N19,580.6million during the year ended 30th June 2008.The bank recorded exceptional items of N80,732.5million during the 15 months ending september 2009.the bank recorded loss before tax but after exceptional items of N 438,647.03milion compared with profit before tax of N25,970.01million during the year ended 30th june 2008.

WEMA BANK PLC:Audited result for the half year ended 31st march 2009 shows Gross Earnings of N16,551.4 miliion as against N25,978.3million in 2008.Loss after tax and exceptional items stood at N20,455.5million compared with N46,304.6million in 2008.The closure of register of members is january 21,2010.

IHS NIGERIA PLC:Audited result for the year ended 30th April 2009 shows Turnover of N11,340.4million in 2008.The Board of Directors is recommending a dividend of N0.05per share.The date of closure of register of member is january 18,2010 while payment date is febuary 12,2010.

WE WISH ALL OUR ESTEEMED CLIENTS A HAPPY NEW YEAR,THANKS FOR YOUR PATRONAGE.WE LOOK FORWARD TO A BLISSFUL BUSINESS RELATIONSHIP WITH YOU IN 2010,A YEAR OF RECOVERY.

NIGERIAN ENAMELWARE PLC:Audited result for the year ended 30th April 2009 shows turnover of N2,412.92million as against N1,510.02million during the 7 months ended april 2008.Profit after tax stood at N63.5million compared with N19.8million in 2008.The Board of Directors is recommending a divedend of N0.40 per share.the date of closure of register of members was december 31, 2009 while payment date is febuary 11,2010.

AFROMEDIA PLC:Audited result for the year ended 30th September 2009 shows turnover of N2,396.75million as against N1,956.2million in2008.profit after tax stood at N340.8million compared with N438.52million in 2008.The Board is recommending a divedend of N0.05 per share.The closure of register of members is febuary 5th 2010,while payment date is 1st April 2010.

FIDSON HEALTHCARE PLC:Audited result for the year ended 30th june 2009 shows Turnover of N5,019.8million as against N4,503.64million in 2008.Profit after tax stood at N429.1million compared with N189.3million in 2008.The Board is recommending a dvidend of N0.22 per share.The closure of register of members is 19th january 2010 while payment date is febuary 25th 2010.

COSTAIN(WA) PLC:Audited result for the year ended 31st march 2009 shows a Turnover of N6,274.11million as against N3,814.9million in 2008.loss after tax of N615.12million as against profit of N353.22million in 2008.The date of closure of register of members is 9th febuary 2010.