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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 […]

Delayed Filing: Skye Bank Says will File on or before 12th May, 2017

31/3/2017/NSE This is to inform The Nigerian Stock Exchange (NSE), our esteemed shareholders and other stakeholders of Skye Bank Plc that the Audited Financial Statement of Skye Bank Plc for the year ended 31 December 2016 will not be filed by 31 March 2017 as required by the rules of […]

Diamond Bank Announces Delay of 2016 Audited Accounts

April 1, 2017/NSE This is to inform members of the Nigerian Stock Exchange (NSE), esteemed shareholders end other stakeholders that Diamond Bank Plc is unable to release its 2016 audited financial statements by March 31, 2017 as required of us by NSE rules. We have been notified that due to […]