Investors Bite

Okomu Oil: Cost Gains and Lower Finance Charges to Propel Sturdy Earnings

24/10/2018/Cordros Report Update: Over 9M-18, OKOMU reported a 13.3% y/y growth in earnings, buoyed by sharp decline in COGS amidst relatively flat revenue and lower effective tax rate. We have revised our revenue estimate for 2018E slight lower to NGN20.86 billion (from NGN21.1 billion) to reflect weaker performance in Q3. […]

Market Players Anticipate Slightly Higher Rates at N115bn FGN Bond Auction Oct 24, 2018

Culled—Proshare 23/10/2018/Zedcrest Capital ***Oil suffers biggest one-day drop in over 3 months*** KEY INDICATORS Indicator Value Commentary Inflation 11.28% As at October16, 2018,5bps up from 11.23% recorded in August 2018. MPR 14.00% Left Unchanged for the 11th Consecutive Time at the Sept. 25, 2018 MPC Meeting External Reserves $42.53bn As […]