March 7, 2018/Cordros Capital At our revised TP of NGN851.92 (previously NGN843.54), we maintain SELL rating on NESTLE’s stock at the current market price of NGN1,380. The q/q sales revenue contraction reported in the seasonally-supportive Q4 is a volume pressure worthy of note. Besides, gross margin (-219 bps y/y and […]
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FGN Savings Bond – 13th Monthly Issuance
By InvestAdvocate Lagos (INVESTADVOCATE)-the offer for the Thirteenth (13th) series of the FGN savings bond started March 5, 2018 and will run to March 9, 2018, according to InvestmentOne report. Recall that the Federal Government of Nigeria, through the Debt Management Office (DMO), had on the 13th of March 2017 […]
Slight Uptick in bond yields as CBN tightens Liquidity
Culled–Proshare March 6, 2018/Zedcrest Capital ***CBN Boosts Forex Market with $210m*** Bonds The bond market traded on a bearish note in today’s session, with slight sell witnessed especially on the short end of the curve. This came on the backdrop of a further squeeze in system liquidity by the CBN […]
