Culled—Proshare May 3, 2017/Vetiva Research Top and bottom line beat estimates, up 49% and 41% y/y respectively OPEX and Interest cost pressures persist Loan loss expense in line with estimates We revise our target price to N28.00 (Previous: N27.25) Earnings beat, supported by strong top line growth ZENITHBANK released its […]

Culled—Proshare May 3, 2017/FBNQuest Research Neutral rating maintained Nestle Nigeria (Nestle) posted earnings growth of 25% y/y in Q1 2017 thanks to a strong topline growth of 69% y/y. This topline growth completely offset negatives on both the gross margin and opex lines. Price increases across all categories were the […]

May 3, 2017/PFCAfrica Communications Limited Lagos: April 28, 2017 – Shareholders of FCMB Group Plc have applauded the financial institution for its resilience, dynamism and the enhanced performance recorded last year despite the challenging operating environment. The shareholders, who gave the commendation at the 4th Annual General Meeting (AGM) of […]