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Access Bank Q2 2017 Results Review: Moving to Neutral

Culled—Proshare August 31, 2017/FBNQuest Research Increase to our price target largely priced in Access Bank’s (Access) Q2 2017 results were mixed but PAT was only 4% ahead of our forecast. As such, we have increased our 2017-18E EPS forecasts by c.5% on the back of an average increase of 19% […]

Osinbajo Says Nigeria Prepared to Partner with UK Investors

*There is a great deal of enthusiasm on our part to help private sector succeed, Vice President tells visiting UK Ministers. *Nigeria has an amazing future – UK’s Boris Johnson August 31, 2017/Press Release As the Buhari administration continues its drives to promote private sector partnership, it remains ready to […]

The Uphill Battle for IGR Collection

Culled—Proshare August 30, 2017/FBNQuest Research Our look today at state governments’ internally generated revenue (IGR) shows a decline in the aggregate collection from N801bn to N756bn in 2015. Collection as a proportion of total revenue improved but perhaps the more important trend is that a minority of states is moving […]