May 2, 2017/Cordros Research Click here for full PDF Report Treasury bills worth N150.61 billion will mature on Thursday, 4th May, 2017. This comprises N45.18 billion, N23.43 billion, and N82.00 billion of the 91-day, 182-day, and 364-day bills respectively. In its usual practice, the CBN will offer the same amount […]
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Nigerian Bourse Opens Week Positive, Benchmark Index Gains 0.80%
May 2, 2017/InvestmentOne Research Please click to download the Market Report for Tuesday 2nd May 2017 EQUITIES: The Nigerian bourse opened the week on a positive note as the All Share Index gained +0.80% to close at 25,965.18pts, corresponding to a market capitalisation of c.N8.97trillion. This performance was supported by buying […]
Dangote Sugar Refinery Plc | First Glance: Q1-17 PAT; Growth As Expected; Management Misses on Margin Target
May 2, 2017/Cordros Research Click here for PDF Report Dangote Sugar Refinery Plc released Q1-17 result last Friday, recording revenue (82.5% y/y), EBITDA (13.8% y/y), and PAT (42.5% y/y) that are well ahead of Q1-16. Revenue and PAT beat our estimates by 16% and 8% respectively. Annualized, revenue and PAT […]
