May 22, 2017/Punch Ifeanyi Onuba The Federal Government is to receive $296,143 as dividend from the profit earned by the Islamic Development Bank for the 2016 financial period. The development was confirmed in a statement issued on Sunday by the Director of Information in the Ministry of Finance, Salisu Dambatta. […]
Results & Dividends
Dangote Cement Q1 2017 Results Review – Maintaining Outperform Rating
Culled—Proshare May 18, 2017/FBNQuest Research 2% increase to our price target; maintaining Outperform rating Dangote Cement’s (DangCem) Q1 2017 results came in ahead of our forecasts across the board. The variance relative to our forecasts was driven by (i) slightly higher pricing and unit volume in Nigeria which were around […]
Dangote Sugar Refinery Q4 2016 & Q1 2017 Results Review – Neutral Rating Maintained
Culled—Proshare May 16, 2017/FBNQuest Research 2017/18E EPS ests. up by 37%; price target up by 32% to N7.1 Following Dangote Sugar Refinery’s (DSR) Q4 2016 and Q1 2017 results we have raised our EPS estimate over the 2017-18E period by 37% and our price target by 32% to N7.1. Our […]
