October 19, 2018/Cordros Report LAFARGE published 9M-18 results this week, with higher-than-expected after tax loss in Q3-18. We have increased our loss after tax estimate for 2018E to NGN9.12 billion (from NGN4 billion) to adjust for the miss in Q3, and as we look for lower net profit in Q4 […]
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T-bills Market Trends Bearish as CBN Hikes OMO Rate
Culled—Proshare 18/10/2018/NSE ***Oil Traders Consider Nigerian Proposal to Prolong Fuels Swap*** 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 $42.84bn As atOctober17, […]
Nigerian Stocks Rebound by +0.70% on Gains in Dangote Cement
October 18, 2018 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday closed the fourth trading session of the week positive, appreciating +0.70 percent to 32,664.63 basis points compared to -0.87 percent depreciation recorded previously, on the gains recorded in the shares of Nigeria’s most capitalised listed company and […]
