May 5, 2017/NASCON The Management of NASCON on Thursday assured shareholders of bumper returns on their investment in the company as it has concluded arrangements to roll out more products before the end of this year. When introduced, the new products will enhance the company’s turnover, profitability and ultimately rub-off […]

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 […]