Culled—Proshare November 25, 2016/FBNQuest Research Event: FCMB Group reports Q3 2016 results Implications: Negative market reaction likely Positives: 168% y/y growth in non-interest income largely due to fx gains Negatives: Pre-tax loss of -N2.1bn driven by a significant spike in loan loss provisions Late yesterday, the NSE published FCMB Holdings’ […]
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FMDQ Launches the Debt Capital Market Development Project
November 25, 2016/FMDQ As an innovation-driven Exchange focused on revolutionising the Nigerian financial markets, FMDQ OTC Securities Exchange (FMDQ), following extensive consultations with stakeholders in the Nigerian financial market space, including the apex capital market regulator, the Securities and Exchange Commission (“SEC” or the “Commission”), set up the Debt Capital […]
Mobil Oil Nigeria Q3 2016
November 25, 2016/Cowry Asset Research Mobil Oil Nigeria Plc recorded a solid year-on-year financial performance despite economic headwinds which include an economic recession, scarce foreign exchange and rising inflation. Turnover increased by 58.56% to N71.87 billion while profit after tax rose 57.39% to N5.74 billion. Although gross profit margin […]
