Culled—Proshare May 3, 2018/FBNQuest Research Event: Nestle Nigeria (Nestle) reports Q1 2018 results Implications: Downward revision to consensus 2018 PBT forecast likely Positives: Sales of N67.5bn up 10% y/y and 15% q/q respectively Negatives: Nestle reported a net finance charge of –N879m compared with a net finance income of […]
Investors Bite
Nigerian Equities Market Posts Loss of 0.48%, Offsetting Week’s Cumulative Gain
May 3, 2018/Cordros Capital EQUITIES The equities market posted a loss of 0.48%, offsetting week’s cumulative gain of 0.15%, and causing the ASI to drop to 41,107.81 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to -0.39% and 7.49% respectively. The Consumer Goods (-1.53%), Oil & Gas (-0.78%), and Industrial […]
Working Together to Advance Financial Reporting
Wesley Bricker Chief Accountant May 3, 2018/US SEC Remarks before the 2018 Baruch College Financial Reporting Conference The Securities and Exchange Commission, as a matter of policy, disclaims responsibility for any private publication or statement by any of its employees. The views expressed herein are those of the author and […]
