Culled—Proshare April 21, 2017/FBNQuest Research Event: Nigerian Breweries reports Q1 2017 results Implications: Upward revisions to consensus 2017 PBT forecast expected Positives: Sales and PBT grew by 18% y/y and 16% y/y respectively Negatives: Limited; gross margin shrunk by -364bps y/y to 44.4% Late yesterday Nigerian Breweries (NB) published its […]
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CBN Establishes Investors’, Exporters’ FX Window
April 21, 2017/CBN Click here to Download Full PDF Circular Introduction The Central Bank of Nigeria (CBN), in a continuing effort to deepen the foreign exchange (FX) market and accommodate all FX obligations, hereby announces a special window for Investors, Exporters & End-users (hereinafter referred to as the “Investors’ & […]
Nigerian Equities Market Closes Week Lower, Following Decline decline across Major Sector Indices
April 21, 2017/Cordros Research Click here to download full PDF Report Nigerian Capital Market Equities The Nigerian equities market closed lower this week, following a decline across majority of the sector indices. The All Share Index shed 1.26% w/w to close at 25,189.37 points. The loss was recorded, notwithstanding positive […]
