April 25, 2018/publicnoticeng The Securities and Exchange Commission (SEC) on Wednesday confirmed that MTN Group had finally commenced discussions with the commission on its proposed 500 million dollars Initial Public Offering (IPO). A senior management staff of SEC who pleaded anonymity told the News Agency of Nigeria (NAN) in Lagos […]
Investors Bite
FBN Holdings: Positive FY-2017 performance, as NII growth and lower impairment charges, offsets dip in NIR
April 25, 2018/Cordros Capital FBN Holdings Plc released its FY-17 financial result yesterday, showing Gross earnings (+2.27%) grew during the period to NGN595.02 billion, coming only 1.45% above our estimate. PBT and PAT recorded upturns of 147.63% and 178.78% to NGN56.83 billion and NGN47.79 billion respectively, falling short of our […]
Unilever Nigeria Q1 2018 Results Review – Retaining Underperform Rating
Culled—Proshare April 25, 2018/FBNQuest Research Limited changes to earnings forecast Unilever Nigeria’s (Unilever) Q1 2018 results were broadly in line with our estimates. As such, we have made limited changes to our earnings forecasts over the 2018-19E period. Nevertheless, we have increased our price target by 8% to N43.1. This […]
