April 3, 2018/NSE Pursuant to Clause 17.2 of the Amendments to the Listings Rules (the “Rules”) of the Nigerian Stock Exchange (the “Exchange”), SEPLAT Petroleum Development Company Plc (“SEPLAT”) hereby notifies the Exchange of its closed period for Persons Discharging Managerial Responsibilities (“PDMRs”) and Persons on the Insiders List of […]

Culled—Proshare April 3, 2018/FBNQuest Research Event: Unilever Nigeria reports Q4 2017 results Implications: Modest upward revisions to consensus estimates expected Positives: Gross margin expanded by 659bps y/y Negatives: Limited  Late last week, Unilever Nigeria (Unilever) reported its Q4 2017 results which showed growth on major key P&L items. Sales of N21.6bn […]

April 3, 2018/Cordros Report EQUITIES Investors started the month on a bearish note, with the ASI closing lower by 1.56% to 40,855.64 points, as profit taking resurfaced across major sectors.  Accordingly, the Year-to-Date gain dropped to 6.83%.  All sector indices posted losses, led by the Industrial Goods (-3.35%) index, and […]