November 28, 2016/NSE (ETI), parent company of the Ecobank Group, wishes to inform the three stock exchanges on which ETI is listed that holders of 819,424,548 preference shares have indicated their intention to convert their preference shares into ordinary shares. Once the requisite approvals are obtained, these preferences shares will […]
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FCMB Group Q3 2016 Results Review – Weak Q3 Driven by Marked Spike in Provisions
Culled—Proshare November 28, 2016/FBNQuest Research Neutral rating maintained despite 44% reduction to our PT FCMB Group’s (FCMB) Q3 2016 results came in well behind our forecasts, largely because of a negative surprise in loan loss provisions. Although non-interest income grew strongly (due to fx gains of N17.0bn) and opex declined […]
Repositioning Nigeria’s Capital Market
Culled–Proshare November 25, 2016/NASD Plc The Securities and Exchange Commission, Nigeria (“SEC”, “The Commission”) at the final quarterly Capital Market Committee meeting for 2016 reviewed the progress of series of initiatives that came out of the 10 year Nigeria Capital Market Master Plan (NCMMP). Significant effort has been put into […]
