Culled—Proshare August 25, 2017/FBNQuest Research The DMO’s review of Wednesday’s monthly auction of FGN bonds is likely to focus on the lowest total bid since November and the increase in marginal rates on the level of the previous month. When it drills down into the results, it may ask why […]
Investors Bite
United Bank for Africa Plc H1’17 – Earnings Beat as Bank Maintains Strong Earlier Run Rate
Culled—Proshare August 25, 2017/Vetiva Research · Gross Earnings up 35% y/y – 16% ahead of our estimate · Strong FX trading income masks high costs, PAT 10% ahead of estimate · We maintain our 8% loan growth forecast, Ytd 4% · Board declares interim dividend of N0.20 per share – […]
Nigeria bond auction raises 56 bln naira, less than half of amount on offer-traders
24/8/2017/Reuters Nigeria raised 56.05 billion naira ($179 million) in a bond auction on Wednesday, less than half the amount on offer as domestic pension funds and insurance firms cut orders due to low yields, traders said on Thursday. The Debt Management Office (DMO) offered 135 billion naira worth of bonds […]
