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 […]
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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 […]
Equities Record 0.80% Weekly Loss, as Bearish Trend Persist
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Friday recorded a weekly loss as the all-share index (ASI) and market capitalisation depreciated by 0.80 percent to close at 25,333.39 and N8.721 trillion respectively. “Similarly, all other Indices finished lower during the week with the exception of […]
