Culled—Proshare March 14, 2018/FBNQuest Research Event: GT Bank reports Q4 2017 results Implications: Slight positive reaction once the market has digested the figures properly Positives: PBT grew by 85% y/y, thanks to a 736% y/y growth in non-interest income Negatives: Funding income declined by 9% y/y; we est. NPL ratio […]
Investors Bite
Nigerian Stocks Close Red, Shed -0.54% on Sell-Offs Across Sectors
March 14, 2018/InvestmentOne Report The Nigerian equities market closed negative today as NSE-ASI shed 0.54%. Similarly, market breadth index ended negative with 15 stocks gaining against 42 stocks that declined. CILEASING (+7.78%) had the best performance while LASACO (-9.52%) topped the laggards chart. FIDELITYBK (-4.75%) was the most actively traded […]
FBNHoldings Names Ariyibi to FBNQuest Capital, Borodo to FBNQuest Trustees Boards
March 14, 2018/FBN Holdings FBN Holdings has announced the appointment of Mr Olawale Ariyibi as Chairman of the Board, FBNQuest Capital Limited; and Mr Tijjani Borodo as Chairman of the Board, FBNQuest Trustees Limited. This comes after the recent renaming of all entities under the investment banking and asset management […]
