July 19, 2018/FMDQ Great news for the Nigerian debt markets as the establishment of a corporate benchmark for the short end of the debt curve looks set to becoming a possibility! In another note-worthy and commendable event in the FMDQ markets, the Dangote Group, known to be the largest indigenous […]

July 19, 2018/InvetmentOne Report Recent Rally Eliminates Upside   We upgrade our recommendation on Unilever Nigeria Plc to a HOLD with a target price of N50 following the release of its Q1 2018 result. Unlike the share price of Nestle Nigeria Plc, which has shed 3.52% year-to-date (YTD), Unilever Nigeria […]

Culled—Proshare July 18, 2018/FDC  The IMF, in its latest review of Nigeria, raised some concerns about Nigeria’s revenue shortfalls and low private sector lending. According to the Fund, Nigeria’s recovery from the 2015/2016 recession was supported by higher oil prices and short-term portfolio inflows.  The Fund has also raised its […]