Culled—-Proshare June 5, 2017/FBNQuest Research Outperform rating maintained Seplat Petroleum Development Company’s (Seplat) Q1 2017 results were hurt by disruptions to the third-party operated Trans Forcados System (TFS), the company’s major export pipeline route. Seplat posted a loss before tax of –US$18.3m. This marked the fifth consecutive quarter of losses. […]
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Nigeria Records Slower GDP Growth Rate in Q1-2017; Sets to Exit Recession in Q2
May 26, 2017/Cordros Research Click here to download PDF Report Earlier this week, the National Bureau of Statistics (NBS) released Nigeria’s Gross Domestic Product (GDP) report for the first three months of 2017. The report shows that during the reference period, the economy contracted by 0.52% y/y (in real terms), […]
Fitch Assigns ‘B(EXP)’ Rating to UBA’s Senior Notes
May 23, 2017/Fitch Ratings (This statement was made by the rating agency on May 23, 2017) Fitch Ratings has today assigned an expected rating of ‘B(EXP)’ to United Bank for Africa Plc’s (UBA) proposed senior unsecured medium-term notes. UBA plans to raise between USD350 million and USD500 million of fixed-rate […]
