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Nigerian Breweries Q2 2017 Results Review – Maintaining Underperform Rating

Culled—Proshare August 17, 2017/FBNQuest Research Retaining UP rating despite 28% increase to our price target  Nigerian Breweries’ (NB) Q2 2017 results showed marked y/y growth across key headline items. The results were mainly boosted by higher pricing relative to the prior year. On its Q2 2017 conference call, the management […]

Bulls Resurface on Nigerian Bourse, as Benchmark Index up 0.59%

August 17, 2017/InvestmentOne Research Please click to download the Market Report for Thursday 17th August 2017 EQUITIES:   The equities market closed positive today, following three consecutive trading sessions in which the NSE-ASI ended negative. However with this said, the market breadth index, a gauge for investor sentiment, closed negative. Following the […]

SEC Offers Forbearance to Multiple Subscription Investors with Relevant KYC by December 2017

August 17, 2017 By InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) is set to offer investors with multiple subscription a forbearance by December 2017 if they can prove their case through the Know-Your Customer (KYC) process, Mounir Gwarzo, director general (DG) of the Commission disclosed at the second quarter […]