April 3, 2017/NSE Oando Plc announces a delay to the publishing of its results for the year ended 31 December 2016. The Board has approved the audited Financial Statements and we hope to be in a position to file the accounts by close of business on Monday, 03 April 2017 […]
Investors Bite
Bills and Bonds in April 2017
April 3, 2017/ARM Securities The next auction for the FGN Savings Bond is on Monday April 3,2017 to Friday the 7th of April 2017 and that for Treasury Bills is on Wednesday, April 5, 2017. To Participate in the Upcoming FGN Savings Bond Auction Download the Subscription Form from this […]
FCMB Group Q4 2016 Results Review – Upgrading from Underperform to Neutral on Asset Quality Surprise
Culled—Proshare April 3, 2017/FBNQuest Research Although FCMB’s Q4 2016 results showed that PBT declined by double-digit y/y, the PBT beat our forecast soundly. The variance was due to a significant positive surprise in loan loss provisions which came in -88% lower than our forecast. Following the results, we have reduced […]
