Culled—Proshare April 28, 2020 FBN Holdings   FBN Holdings Plc, Nigeria’s leading financial services group, recently held its Annual General Meeting (AGM) in Lagos. At the AGM, FBN Holdings Plc reiterated its promise to place its shareholder value at the forefront of its operations, noting that as a Group, it […]

Culled—Proshare April 28, 2020 By CardinalStone Research Fidelity Bank Plc (FIDELITYBK: NGSE) recorded a 1.4% YoY decline in earnings in its unaudited Q1’20 result. The bank’s weak performance reflected the combined impact of higher operating costs (+29.6% YoY), surge in loan loss charges (2x increase), and lower non-interest revenue (-27.4% YoY). […]

Culled—Proshare April 28, 2020 by FBNQuest Research Deep cuts to TP and earnings forecasts We have cut our price target for International Breweries (IB) by -39% to N4.7 on the back of i) marked downward adjustments to earnings forecasts and ii) an increase in our equity risk premium assumption by […]