October 27, 2017/Cordros Research First Bank of Nigeria Holdings Plc (”FBNH”) released unaudited Q3-17 results yesterday, wherein gross earnings grew marginally by 1.85% q/q and 0.40% y/y (1.77% above our estimate), while PBT and PAT rose 28.01% q/q (71.19% y/y) and 24.44% q/q (145.47% y/y), respectively. The growth in earnings […]
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Guinness Nigeria Says Q2 2017 Revenue up 30%
October 27, 2017/XLR8 30% revenue growth and 24% gross profit increase for quarter one 2018 fiscal year. Operating profit of N2.6bn, N2.0bn improvement compared to the previous year. Rights issue process concluded and oversubscribed with funds received at the end of September. Guinness Nigeria today announces its […]
MSCI keeps Nigeria in frontier indexes, no longer under review
October 27, 2017/NSE MSCI announced today its decision to retain the MSCI Nigeria Indexes in the MSCI Frontier Markets Indexes. The market will be removed from the review list for potential reclassification to Standalone status. MSCI will also no longer apply the special treatment for the MSCI Nigeria Indexes announced […]
