May 22, 2017/Cowry Asset Overall equities market performance measures, NSE ASI and market capitalisation, plummeted by 12.5 bps amid bearish activities. Elsewhere, NIBOR increased across all the tenor buckets amid sustained liquidity strain… click here to view details.
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Presco Q4 2016 and Q1 2017 Results Review – Upgrading to Outperform
Culled—Proshare May 22, 2017/FBNQuest Research Earnings and price target revised upwards Presco reported better-than-expected Q4 2016 and Q1 2017 results, with double-digit sales growth in Q4 and triple-digit sales growth in Q1. The company is still benefitting from favourable government policy as well as its over 50% increase to prices […]
Dangote Flour Mills’ Return to Profitability
…Launches new affordable pasta to substitute rice consumption in Nigeria May 22, 2017/Dangote Flour Mills Plc Shareholders at the weekend in Lagos applauded the Dangote Flour Mills return to profitability after posting a profit before tax of N11.82bn for its financial year ended December 31, 2016. The Chairman of Dangote […]
