16/8/2017/Bloomberg By Francine Lacqua and Paul Wallace Aliko Dangote is tempted by renewable energy, petrochemicals Sees 60% of group’s investments being outside Africa in 2020 Africa’s richest man, Aliko Dangote, plans to invest $20 billion to $50 billion in the U.S. and Europe by 2025, in industries including renewable energy […]
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Okomu Oil Q2 2017 Results Review: Neutral Rating Maintained Despite Strong Q2
Culled—Proshare August 16, 2017/FBNQuest Research Modest upward revisions to our estimates and price target Okomu Oil’s (Okomu) Q2 2017 results came in stronger than we expected mainly because of a positive surprise on the gross margin line. Consequently, we have increased our earnings estimate over the 2017-18E period by 10% […]
Investment Flows in Need of a Boost
Culled—Proshare August 16, 2017/FBNQuest Research In today’s chart we highlight the investment flows on the balance of payments. These are gross flows (ie those in the reporting economy before investment by Nigerian residents offshore). Most striking is the strength of portfolio flows in H1 2013, when Nigeria was still basking […]
