April 21, 2021/jspcommunications Guaranty Trust Bank plc has released its unaudited Financial Results for the period ended March 31, 2021 to the Nigerian and London Stock Exchanges. A review of the result shows a resilient performance across all key financial metrics in the face of the unprecedented macroeconomic challenges, reflecting […]

April 21, 2021/Proshare by FBNQuest Research 4% cut to our EPS forecasts over the ’21-22f period We have cut our EPS forecasts over the ’21-22f period by 4% for Nigerian Breweries (NB) after a weaker-than-expected set of Q4 ’20 results. We now have a new price target of NGN45.3, down […]

April 21, 2021/Proshare by FBNQuest Research 3% cut to our price target due to 150bp increase to the risk-free-rate UBA’s Q1 ’21 earnings came in ahead of our forecast mainly because of a positive surprise in impairment for credit losses. Although pre-provision profits were broadly in line with our forecasts, […]