April 19, 2017/Cordros Research Click here to download full PDF Report Unilever Nigeria Plc’s (UNILEVER) Q1-17 result, released yesterday, outperformed on two fronts: (1) revenue grew by 32% y/y while (2) operating expenses fell by 14.1% y/y. Both came in well-ahead of our +9% y/y and +2% y/y estimates respectively. […]
Investors Bite
NTB Auction Teaser
April 18, 2017/Cordros Research Click here to download PDF Report Treasury bills worth N162.72 billion will mature on Thursday, 20th April, 2017. This comprises N36.79 billion, N28.20 billion, and N95.73billion of the 91-day, 182-day, and 364-day bills respectively. In its usual practice, the CBN will offer the same amount at […]
Ecobank Group Sustains Resilience in 2016, Makes Full Loans Provision, Assures Shareholders of Robust Future Earnings
April 19, 2017/ETI Ecobank Transnational Incorporate (ETI) has taken a decision to completely clean its books of non-performing risk assets in its legacy loan portfolio, and has made a provision of N221.7 billion in its 2016 audited accounts. The impairment charges, showed a jump of 110.7 per cent compared with […]
