March 13, 2018/NSE Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange and London Stock Exchange, today announces that it has successfully refinanced its existing US$300 million revolving credit facility due December 2018 with a […]
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Zenith Bank Plc – Strong Trading Gains Mask Huge Provisioning
Culled—Proshare March 31, 2018/Vetiva Research • Top and bottom line beats estimates, up 47% and 37% y/y respectively • Loan portfolio moderates 8% y/y, despite strong balance sheet growth • Liquidity ratio and CAR stand firm at 69% and 27% respectively • Management guide, IFRS 9 to shave ₦42 billion off shareholders’ fund Earnings […]
Intraday Update: Nigerian Equities Market Down -0.15% on Sell-Offs Across Sectors
March 13, 2018/InvestmentOne Report ASI as at 12.00pm: -0.15%. Market movers: AFRIPRUD (-12.42%), JAPAULOIL (-8.33%), MULTIVERSE (+7.14%), NEM (+4.80%). Sector Performances: Consumer Goods (-0.35%), Banking (-0.13%), Oil & Gas (-0.07%), Industrial (+0.07%). Market activity: In today’s early trade, total volume and value rose by c.98% and c.600% respectively compared to […]
