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REPORTS have it that the Central Bank of Nigeria has already completed plans for another comprehensive audit of the deposit taking banks. The last one was the one undertaken immediately after MallamSanusiSanusi took over as the Governor. It ended up even educating the average Nigerian on the strength or financial health of the Nigerian banking system.

The resultant impact of the decisions taken by the CBN after this audit was so visibleall over the country that many are scared of yet another such audit so soon. Will the devil come alive for all this time around? Or will we end up with far better sleep than the one we woke up to after the first audit?

MAKE no mistake about it, International breweries lost the battle with costs decisively in 2011 financial year. Yet it was one year that delivered a very robust growth in business done that could have, under normal conditions, led to rather more robust increase in profit and broad smiles for shareholders at the end of the day. Instead, well, at the next annual general meeting, the same shareholders may have focus on how to make 2012 decidedly different, if not the loss league may be the next bus stop.

REPORTS have it that the Central Bank of Nigeria has already completed plans for another comprehensive audit of the deposit taking banks. The last one was the one undertaken immediately after MallamSanusiSanusi took over as the Governor. It ended up even educating the average Nigerian on the strength or financial health of the Nigerian banking system.

The resultant impact of the decisions taken by the CBN after this audit was so visibleall over the country that many are scared of yet another such audit so soon. Will the devil come alive for all this time around? Or will we end up with far better sleep than the one we woke up to after the first audit?

In fact, many wonder right now, why not finish acting on the last audit? Why not give more time for the system to recover and find its feet? Good questions except they assume that, in the first place, such is not expected to be an on- going audit to ensure that the financial system remains healthy. Do  people who are not so healthy complain when their doctor insists on comprehensive tests time and again until he is convinced of the health condition and can allow the patient to go home?

MAKE no mistake about it, International breweries lost the battle with costs decisively in 2011 financial year. Yet it was one year that delivered a very robust growth in business done that could have, under normal conditions, led to rather more robust increase in profit and broad smiles for shareholders at the end of the day. Instead, well, at the next annual general meeting, the same shareholders may have focus on how to make 2012 decidedly different, if not the loss league may be the next bus stop.

According to the figures release to the stock market recently, International Breweries recorded a very healthy doubling its business in core focus and overall. Core business turnover grew by 106.7 per cent to N99908m from N4794m and this was more than enough to make any one smile. To help matters further, its income from other sources leapt from a meagre n8.93M IN 2010 TO n335.7m thus ending with 110.2 per cent rise in over income for the year from N4873.4m to N10243.7m.

WELL, you certainly have your mind to blame if you, on your own completed the headline of this piece on Chams PLC latest results by saying the more you look, the less you see. You are wrong. In fact, this once at least, it is the more you look, the more you see but, you may need a magnifier to spend enough time to decode it all.

According to the figures released to the stock market recently, a quick glance says the company is still deep in the loss league and that is enough to scare away any investor seeking immediate and high enough returns on his investment. Unfortunately, such an investor will miss the fact that many things improved for Chams in 2011 thus indicating that it powered very strongly towards the surface of the loss league.

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