September 20, 2021/Proshare by FBNQuest Research We saw in the FGN’s investor presentation on Friday for the current Eurobond issue that its domestic debt totalled NGN17.63trn (USD42.8bn at the I&E/NAFEX rate) at end-June, equivalent to 10.9% of 12M GDP to Q2 ’21. The burden increased by NGN1.12trn in three months […]
OPINION/EDITORIAL
GTCO Q2 2021 Results Review: Q2 2021f Annualised ROAE Still Tracking Behind Guidance
September 20, 2021/Proshare by FBNQuest Research 6% upward revision to our price target following valuation rollover to FY ’22f GTCO’s management has maintained its FY ’21 ROAE guidance of 25%, despite weaker-than-expected H1 ’21 results which translate to an annualised ROAE of c.20%. Management has a more optimistic outlook for […]
Oil Ends Week On Bullish Note As Outages Persist
September 17, 2021/OilPrice.com Hurricane Ida is now officially the most devastating hurricane ever in terms of oil production disruption, and experts expect the outages to last throughout the month of September Friday, September 17, 2021 The US Gulf of Mexico is gradually bringing back disrupted production – as of today […]
