Centre Point Investments Limited

2017 BUDGET, CRUDE OIL PRICES AND THE STOCK MARKET.

Some experts in the oil and gas industry on Wednesday said there was no cause for alarm over the increase in the crude oil benchmark from $45 per barrel to $50.5 per barrel.

They told the News Agency of Nigeria (NAN) in separate interviews with in Lagos that the trade war between China and United States had led to the reduction of the price of crude oil at the international market.

The former President of the Society for Petroleum Engineers (SPE), Saka Matemilola, said the benchmark in the 2018 budget was very sensible at $50.5 per barrel.

According to Metemilola, the benchmark of $50.5 per barrel is very sensible because he does not expect oil price to go below $55 per barrel by the end of the year.

He said irrespective of what happens between China and the U.S; oil price will not go below $55 per barrel this year.

“What we should be concerned about is how we can utilise the savings from excess crude price which goes to excess crude account. How do we spend this savings that will impact meaningfully on average Nigerians.

“There is a huge infrastructural gap that needs to be closed. Infrastructures like hospitals, roads and power need to be invested in so that Nigerians can feel the impact of rising crude oil price,” he said.

Segun Adaju, the Chief Executive Officer of Consistent Energy, said, “Naturally, oil price fluctuates and the benchmark price of $50.5/barrel in the 2018 budget is an average for the year 2018.”

According to him, it is certain that oil price may not go below $50.5 per barrel this year, with half of the year gone, adding that there is nothing to be worried about.

Debo Ahmed, the Chairman, Western Zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN) said it would also bring hope to the populace and boost the economy.

Mr Ahmed described the crude oil benchmark at $50.5 per barrel as the right thing to do, considering the current price of crude oil globally which today stood at the $70 threshold.

“Crude was $80 per barrel before it dropped to $70 due to the rifted between China and United States of America.

“I think $50.5 is even conservative but it is better to be on the safe side, so for me it is a commendable effort,” Ahmed said.

NAN reports that the Federal Executive Council (FEC) had on October 26, 2017 approved the 2018 draft budget of N8.612 trillion but NASS increased the budget to N9.12 trillion.

The Senate also increased the crude oil benchmark for the budget from $45 per barrel to $50.5 per barrel in the 2018 budget.

Crude oil production was bench-marked at 2.3 million barrels per day with an exchange rate of N305 to one dollar.

CORPORATE RESULT

2018 CLOSURE OF REGISTER - DIVIDENDS AND BONUSES

Company	Dividend/share	Bonus	Closure of Register	AGM Date	Payment Date
Vitafoam Nigeria Plc	N0.15	Nil	19^th – 23^rd February 2018	8^th March 2018	9^th March 2018
Nigeria Energy Sector Fund	N102	Nil	19^th – 23^rd February 2018	N/A	23^rd February 2018
Nigerian Breweries Plc	N3.13	Nil	7^th – 13^th March 2018	20^th April 2018	23^rd April 2018
Transcorp Hotels Plc	N0.1245	Nil	7^th March 2018	16^thMarch 2018	19^th March 2018
Total Nigeria Plc	N14	Nil	19^th–23^rd March 2018	21^st June 2018	22^nd June 2018
Africa Prudential Plc	N0.40	Nil	13^th – 19^th March 2018	27^th March 2018	27^th March 2018
United Capital Plc	N0.35	Nil	9^th – 15^th March 2018	23^rd March 2018	28^th March 2018
Nestle Nigeria Plc	N27.50	Nil	7^th – 11^th May 2018	22^nd May 2018	23^rd May 2018
Medview Airline Plc	N0.03	Nil	21^st–27^th March 2018	28^th March 2018	3^rd April 2018
NASCON Allied Industries Plc	N1.50	Nil	20^th – 23^rd April 2018	3^rd May 2018	8^th May 2018
Zenith Bank Plc	N2.45	Nil	4^th – 9^thApril 2018	13^th April 2018	13^th April 2018
McNichols Consolidated Plc	N0.03	Nil	20^th – 23^rd March 2018	19^th April 2018	24^th April 2018
Guaranty Trust Bank Plc	N2.40	Nil	28^thMarch 2018	10^th April 2018	10^th April 2018
Stanbic IBTC Holdings Plc	N0.50	Nil	29^thMarch – 5^th April 2018	19^th June 2018	20^th June 2018
Julius Berger Nigeria Plc	N1.00	Nil	4^th – 6^th June 2018	21^st June 2018	22^nd June 2018
Dangote Cement Plc	N10.50	Nil	16^th – 20^th April 2018	20^th June 2018	21^st June 2018
Access Bank Plc	N0.40	Nil	13^th – 18^th April 2018	25^th April 2018	25^th April 2018
GlaxoSmithKline Consumer Nig. Plc	(Special Dividend) N7.10	Nil	24^th April 2018 – 4^th May 2018	24^th May 2018	25^th May 2018
GlaxoSmithKline Consumer Nig. Plc	(Normal Dividend): N0.40	Nil	24^th April 2018 – 4^th May 2018	24^th May 2018	25^th May 2018
Custodian & Allied Plc	N0.32	Nil	12^th – 17^th April 2018	24^th April 2018	24^th April 2018
Cadbury Nigeria Plc	N0.16	Nil	11^th – 15^th June 2018	6^th July 2018	9^th July 2018
UBA Plc	N0.65	Nil	10^th April 2018	23^rd April 2018	23^rd April 2018
MRS Oil Plc	Nil	1 for 5	2^nd – 6^th July 2018	1^st August 2018	Not Applicable
Continental Re-Insurance Plc	N0.14	Nil	16^th – 20^th April 2018	25^th April 2018	26^th April 2018
CAP Plc	N2.05	Nil	28^th May 2018 – 1^st June 2018	13^th June 2018	14^th June 2018
AXA-Mansard Insurance Plc	N0.06	Nil	24^th April 2018	10^th May 2018	10^th May 2018
Newrest ASL Plc	N0.18	Nil	12^th – 15^th June 2018	27^th June 2018	28^th June 2018
11 Plc (Formerly Mobil Oil Plc)	N8.00	Nil	28^th May – 1 June 2018	28^th June 2018	2^nd July 2018
Dangote Flour Mills Plc	N0.20	Nil	23^rd – 27^th April 2018	22^nd June 2018	27^th June 2018
UAC of Nigeria Plc	N0.65	Nil	15^th – 18^th May 2018	20^th June 2018	21^st June 2018
Pharma-Deko Plc	N0.05	Nil	7^th – 11^th May 2018	22^nd May 2018	23^rd May 2018
Law Union & Rock Insurance Plc	N0.04	Nil	27^thApril 2018 – 2^nd May 2018	3^rd May 2018	5^th May 2018
May & Baker Nigeria Plc	N0.20	Nil	23^rd – 27^th April 2018	31^st May 2018	6^th June 2018
FCMB Group Plc	N0.10	Nil	13^th – 19^th April 2018	27^th April 2018	30^th April 2018
Lafarge Africa Plc	(Dividend from Pioneer Profit) N1.50	Nil	23^rd – 27^th April 2018	16^th May 2018	16^th May 2018
Transnational Corporation of Nig Plc	N0.02	Nil	18^th – 24^th April 2018	30^th April 2018	2^nd May 2018
Okomu Oil Plc	N3.00	Nil	15^th – 18^th May 2018	12^th June 2018	25^th June 2018
Beta Glass Plc	N1.07	Nil	18^th – 22^nd June 2018	5^th July 2018	6^th July 2018
AIICO Insurance Plc	N0.05	Nil	21^st – 23^rd May 2018	24^th May 2018	25^th May 2018
Unilever Nig. Plc	N0.50	Nil	16^th – 20^th April 2018	10^th May 2018	11^th May 2018
The Frontier Fund	(Proposed Coupon) N7.50	Nil	23^rd April 2018	N/A	27^th April 2018
Nigerian Aviation Handling Co. Plc	N0.25	Nil	3^rd – 5^th July 2018	20^th July 2018	20^th July 2018
Regency Alliance Insurance Plc	N0.03	Nil	30^th April – 4^th May 2018	24^th May 2018	25^th May 2018
Dangote Sugar Refinery Plc	N1.25	Nil	16^th – 20^th April 2018	21^st June 2018	22^nd June 2018
Sterling Bank Plc	N0.02	Nil	30^th April – 4^th May 2018	17^th May 2018	17^th May 2018
Presco Plc	N2.00	Nil	9^th – 13^th July 2018	25^th July 2018	26^th July 2018
Rak Unity Petroleum Company Plc	N0.10	Nil	23^RD – 27^TH July 2018	16^TH August 2018	16^TH August 2018
Berger Paints Plc	N0.50	Nil	7^TH - 11^TH May 2018	7^TH June 2018	8^TH June 2018
Eterna Plc	N0.40	Nil	24^TH – 28^TH May 2018	19^TH June 2018	20^TH June 2018
Caverton Offshore Support Group Plc	N0.15	Nil	26^TH April 2018	8^TH May 2018	8^TH May 2018
B.O.C. Gases Plc	N0.20	Nil	4^TH– 11^TH June 2018	28^TH June 2018	28^TH June 2018
Learn Africa Plc	N0.14	Nil	9^TH – 13^TH July 2018	30^TH August 2018	31^ST August 2018
Consolidated Hallmark Insurance Plc	N0.02	Nil	7^TH – 11^TH May 2018	22^ND May 2018	22^ND May 2018
Aluminium Extrusion Industries Plc	N0.085	Nil	13^TH – 17^TH August 2018	21^ST September 2018	24^TH September 2018
FBN Holdings Plc	N0.25	Nil	7^th – 11^th May 2018	15^th May 2018	16^th May 2018
Infinity Trust Mortgage Bank Plc	N0.02	Nil	10^th – 17^th May 2018	24^th May 2018	30^th May 2018
Vetiva S & P Nig. Sovereign Bond ETF	N12.50	Nil	26^th April 2018 (Record date)	N/A	4^th May 2018
NPF Microfinance Bank Plc	N0.17	Nil	4^th – 8^th June 2018	28^th June 2018	28^th June 2018
Fidelity Bank Plc	N0.11	Nil	14^th – 18^th May 2018	25^th May 2018	25^th May 2018
Vetiva Griffin 30 ETF	N0.25	Nil	26^th April 2018 (Qualification date)	N/A	4^th May 2018
Seplat Petroleum Dev. Co. Plc	US$0.05	Nil	17^th May 2018	Interim Dividend	8^th June 2018
Omoluabi Mortgage Bank Plc	N0.01	Nil	21^st – 25^th May 2018	26^th July 2018	1^st August 2018
Capital Hotel Plc	N0.05	Nil	11^th – 15^th June 2018	27^th June 2018	4^th July 2018
Lasaco Assurance Plc	N0.04	Nil	4^TH – 8^TH June 2018	21^ST June 2018	5^TH July 2018
Cement Company of Northern Nig. Plc	N1.25	Nil	18^th – 22^nd June 2018	28^th June 2018	29^th June 2018
Smart Product Nigeria Plc	N0.10	Nil	30^TH July – 3^RD August 2018	30^TH August 2018	21^ST September 2018
Nem Insurance Plc	N0.10	Nil	4^TH – 8^TH June 2018	20^THJune 2018	20^THJune 2018
Conoil Plc	N2.00	Nil	15TH – 22ND June 2018	13TH July 2018	23RD July 2018
Red Star Express Plc	N0.40	Nil	8^TH – 10^TH August 2018	30^TH August 2018	6^TH September 2018
Flour Mills of Nigeria Plc	N1.00	Nil	6th – 10th August 2018	30th August 2018	3rd September 2018
The Initiates Plc	N0.04	Nil	9th – 13th July 2018	27th July 2018	7th August 2018
Honeywell Flour Mills Plc	N0.06	Nil	10th – 14th September 2018	20th September 2018	21st September 2018
University Press Plc	N0.15	Nil	3rd – 7th September 2018	27th September 2018	27th September 2018
Triple Gee and Company Plc	N0.03	Nil	24th – 31st August 2018	13th September 2018	20th September 2018
ABC Transport Plc	N0.03	Nil	30th July – 3rd August 2018	17th August 2018	17th August 2018
Linkage Assurance Plc	N0.05	Nil	14th – 21st August 2018	28th August 2018	3rd September 2018
Custodian Investment Plc (Interim Dividend)	N0.10	Nil	20th – 24th August 2018	N/A	6th September 2018
Zenith Bank Plc (Interim Dividend)	N0.30	Nil	20th August 2018	N/A	24th August 2018
Guaranty Trust Bank Plc (Interim Dividend)	(Interim Dividend) N0.30	Nil	16th August 2018	N/A	30th August 2018

CORPORATE RESULT

2017 CLOSURE OF REGISTER - DIVIDENDS AND BONUSES

Company	Dividend/share	Bonus	Closure of Register	AGM Date	Payment Date
Stanbic IBTC Holdings Plc (2015 fin. year)	5 Kobo	Nil	3^rd January 2017	7^th March 2017	9^th March 2017
Neimeth Int'l Pharmaceuticals Plc	Nil	1 for 10	31^st January 2017	7^th February 2017	N/A
Vitafoam Plc	12 Kobo	Nil	13^th – 17^th February 2017	2^nd March 2017	9^th March 2017
Stanbic IBTC ETF 30	35 Kobo	Nil	23^rd January 2017	N/A	6^th February 2017
Greif Nigeria Plc	60 Kobo	Nil	22^nd – 24^th March 2017	21^st April 2017	5^th May 2017
United Capital Plc	50 Kobo	Nil	3^rd – 6^th March 2017	17^th March 2017	22^nd March 2017
Nigerian Breweries Plc	258 Kobo	Nil	9^th – 15^th March 2017	3^rd May 2017	4^th May 2017
Transcorp Hotels Plc	40 Kobo	Nil	8^th March 2017	15^th March 2017	16^th March 2017
Africa Prudential Registrars Plc	30 Kobo	Nil	6^th March 2017	28^th March 2017	28^th March 2017
Zenith Bank Plc	177 Kobo	Nil	13^th March 2017	22^nd March 2017	23^rd March 2017
Dangote Cement Plc	850 Kobo	Nil	15^th – 19^th May 2017	24^th May 2017	26^th May 2017
Nestle Nigeria Plc	1000 Kobo	Nil	8^th – 12^th May 2017	23^rd May 2017	24^th May 2017
Access Bank Plc	40 Kobo	Nil	14^th March 2017	29^th March 2017	29^th March 2017
Guaranty Trust Bank Plc	175 Kobo	Nil	29^th March 2017	7^th April 2017	7^th April 2017
Total Oil Nigeria Plc	700 Kobo	Nil	17^th – 21^st April 2017	9^th June 2017	12^th June 2017
Lafarge Africa Plc	105 Kobo	Nil	23^rd – 29^th May 2017	7^th June 2017	7^th June 2017
Custodian and Allied Plc	18 Kobo	Nil	18^th – 21^st April 2017	3^rd May 2017	3^rd May 2017
MRS Oil Nigeria Plc	173 Kobo	Nil	26^th – 30^th June 2017	25^th July 2017	26^th July 2017
United Bank for Africa Plc	55 Kobo	Nil	3^rd April 2017	7^th April 2017	10^th April 2017
GlaxoSmithKline Consumer Nig. Plc	30 Kobo	Nil	13^th – 19^th April 2017	31^st May 2017	1^st June 2017
Unilever Nigeria Plc	10 Kobo	Nil	18^th – 21^st April 2017	11^th May 2017	12^th May 2017
FCMB Group Plc	10 Kobo	Nil	13^th – 19^th April 2017	28^th April 2017	2^nd May 2017
Dangote Sugar Refinery Plc	60 Kobo	Nil	10^th – 12^th April 2017	27^th April 2017	28^th April 2017 - e-Dividend 2^nd May 2017 - Dividend warrant
Stanbic IBTC Holdings Plc	5 Kobo	Nil	4^th April 2017	12^th September 2017	14^th September 2017
Pharma Deko Plc	5 Kobo	Nil	18^th April 2017	4^th May 2017	5^th May 2017
UAC of Nigeria Plc	100 Kobo	Nil	16^TH – 19^th May 2017	14^th June 2017	15^th June 2017
AIICO Insurance Plc	2 Kobo	Nil	8^TH – 11^th May 2017	18^th May 2017	19^th May 2017
Chemical and Allied Products Plc	220 Kobo	Nil	30^th May – 5^th June 2017	13^th June 2017	13^th June 2017
Trans-Nationwide Express Plc	5 Kobo	Nil	3^rd – 7^th July 2017	13^th July 2017	14^th July 2017
AXA Mansard Insurance Plc	5 Kobo	Nil	3^rd May 2017	19^th May 2017	19^th May 2017
Mobil Oil Nigeria Plc	800 kobo	Nil	28^th April - 1^st May 2017	24^th May 2017	31^st May 2017
Beta Glass Plc	98 Kobo	Nil	12^th – 16^th June 2017	6^th July 2017	7^th July 2017
Infinity Trust Mortgage Bank Plc	3 Kobo	Nil	3^RD May 2017	18^th May 2017	23^rd May 2017
NASCON Allied Industries Plc	70 Kobo	Nil	20^th - 21^st April 2017	4^th May 2017	8^th May 2017
B.O.C. Gases Plc	5 Kobo	Nil	19^th - 26^th May 2017	8^th June 2017	26^th June 2017
Learn Africa Plc	10 Kobo	Nil	12^th – 16^h June 2017	5^th July 2017	7^th July 2017
NEM Insurance Plc	8 Kobo	Nil	7^th – 11^th August 2017	24^th August 2017	28^th August 2017
Nigerian Aviation Handling Company Plc	22 Kobo	Nil	22^nd – 26^th May 2017	13^th July 2017	13^th July 2017
May & Baker Plc	6 Kobo	Nil	24^th – 28^th April 2017	1^st June 2017	5^th June 2017
Fidelity Bank Plc	14 Kobo	Nil	18^th – 21^st April 2017	4^th May 2017	4^th May 2017
Med-View Airline Plc	3 Kobo	Nil	8^th – 11^th May 2017	17^th May 2017	19^th May 2017
Presco Plc	150 Kobo	Nil	3^rd – 5^th July 2017	19^th July 2017	20^th July 2017
Regency Alliance Insurance Plc	3 Kobo	Nil	24^th – 28^th April 2017	25^th May 2017	26^th May 2017
Okomu Oil Palm Plc	150 Kobo	Nil	16^th – 19^th May 2017	23^rd June 2017	27^th June 2017
Consolidated Hallmark Insurance Plc	2 kobo	Nil	2^nd – 5^th May 2017	11^th May 2017	11^th May 2017
Aluminium Extrusion Industries Plc	8.5 Kobo	Nil	26^th – 30^th June 2017	4^th August 2017	7^th August 2017
Berger Paints Plc	50 Kobo	Nil	28th April 2017	18th May 2017	23rd May 2017
FBN Holdings Plc	20 Kobo	Nil	8^TH – 12^TH May 2017	19^TH May 2017	22^ND May 2017
Newrest ASL Nigeria Plc	17.7 Kobo	Nil	13^th – 16^th June 2017	28^th June 2017	29^th June 2017
Continental Reinsurance Plc	14 Kobo	Nil	19^th – 23^rd June 2017	29^th June 2017	30^th June 2017
AshakaCem Plc	15 Kobo	Nil	17^th - 18^th April 2017	18^th May 2017	18^th May 2017
Smart Products Nigeria Plc	22.5 Kobo	Nil	28^thJune – 13^th July 2017	27^th July 2017	12^th August 2017
Lasaco Assurance Plc	3 Kobo	Nil	19^th – 23^rd June 2017	5^th July 2017	14^th July 2017
Eterna Plc	30 Kobo	Nil	6^th – 8^th June 2017	5^th July 2017	6^th July 2017
NPF Microfinance Bank Plc	15 Kobo	Nil	12^th – 16^h June 2017	6^th July 2017	7^th July 2017
The Initiates Plc	3 Kobo	Nil	19^th – 23^rd June 2017	30^th June 2017	3^rd July 2017
Vetiva Griffin 30 ETF	15 Kobo	Nil	14^th June 2017	N/A	16 June 2017
Fidson Healthcare Plc	5 Kobo	Nil	26^th – 30^th June 2017	20^th July 2017	21^st July 2017
eTranzact International Plc	10 Kobo	Nil	26^th – 30^th June 2017	27^th July 2017	3^rd August 2017
Conoil Plc	310 Kobo	Nil	10^TH– 14^TH July 2017	11^th August 2017	21^st August 2017
UPDC Real Estate Investment Trust	24 Kobo	Nil	5^th – 6^th July 2017	20^th July 2017	20^th July 2017
Redstar Express Plc	40 Kobo	Nil	2^ND – 4^TH August 2017	31^ST August 2017	7^TH September 2017
Honeywell Flour Mills Plc	6 Kobo	Nil	14^TH – 18^TH September 2017	22^NDSeptember 2017	22^NDSeptember 2017
Tripple Gee and Company Plc	3 Kobo	Nil	To be advised	To be advised	To be advised
Stanbic IBTC ETF 30	143 Kobo	Nil	24^th July 2017	N/A	7^th August 2017
Stanbic IBTC Pension ETF 40	143 Kobo	Nil	24^th July 2017	N/A	7^th August 2017
Rak Unity Petroleum Plc	10 kobo	Nil	31^st July – 4^th August 2017	23^rd August 2017	28^th August 2017
Redstar Express Plc	40 kobo	Nil	2^nd – 4^th August 2017	31^st August 2017	7^th September 2017
Flour Mills of Nigeria Plc	100 Kobo	Nil	7^th August – 11^th August 2017	6^th September 2017	12^th September 2017
Custodian and Allied Insurance Plc (Interim)	10 Kobo	Nil	21^st August – 25^th August 2017	N/A	5^th September 2017
Dangote Sugar Refinery Plc (Interim)	50 Kobo	Nil	11^th August 2017	N/A	17^th August 2017
McNichols Consolidated Plc	3 Kobo	Nil	25^th – 30^th August 2017	28^th September 2017	10^th October 2017
Zenith Bank Plc (Interim)	25 Kobo	Nil	21^st August 2017	N/A	25^th August 2017 GDR: 1^st September 2017
Guaranty Trust Bank Plc (Interim)	30 Kobo	Nil	24^th August 2017	N/A	5^th September 2017
University Press Plc	10 Kobo	Nil	4^th – 8^th September 2017	28^th September 2017	28^th September 2017
Access Bank Plc (Interim)	25 Kobo	Nil	7^th September 2017	N/A	21^st September 2017
UnityKapital Assurance Plc	5 kobo	Nil	11^th – 13^th September 2017	14^th September 2017	15^th September 2017
Stanbic IBTC Holdings Plc (Interim)	60 Kobo	Nil	7^th September 2017	N/A	27^th September 2017
Guinness Nigeria Plc	64 Kobo	Nil	25^th - 29^th September 2017	25^th October 2017	26^th October 2017
PZ Cussons Nigeria Plc	50 Kobo	Nil	2^nd – 6^th October 2017	12^th October 2017	13^th October 2017
Nigerian Enamelware Plc	Nil	1 for 5	18^th – 22^nd September 2017	5^th October 2017	N/A
Cutix Plc	18 Kobo	Nil	16^th – 20^th October 2017	27^th October 2017	21^st November 2017
Nigerian Breweries Plc (Interim)	100 Kobo	Nil	16^th – 22^nd November 2017	N/A	23^rd November 2017
Total Nigeria Plc (Interim)	300 Kobo	Nil	4 – 8 December 2017	N/A	18^th December 2017
Nestle Nigeria Plc	N15.00 Kobo	Nil	27^th Nov.2017- 1^stDec. 2017	N/A	11^th December 2017
Sim Capital Alliance Value Fund	N10.00	Nil	12^th December 2017	19^th December 2017	27^th December 2017
UPDC Real Estate Investment Trust	44 Kobo	Nil	11^th December 2017	N/A	20^thDecember 2017

Our Contacts

Related Links

Quick Link