Investors in the Nigerian capital market have been urged to take advantage of the opportunities inherent in investing in Exchange Traded Funds. Market experts who stated this noted that there were a lot of benefits of investing in the NewGold Exchange Traded Funds, as it would help to diversify risks […]
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IMF Supports MPC’s Monetary Policy Tightening
The International Monetary Fund (IMF) has welcomed the restrictive monetary policy stance adopted by the Central Bank of Nigeria’s (CBN’s) Monetary Policy Committee (MPC) since last year. The IMF stated this in its recently released staff report for 2011 Article IV Consultation. Part of the 80-page document, also recommended that […]
Afrinvest Research Note – Nigerian Breweries Plc H1 2012 Results
Nigerian Breweries (NB) recently released its unaudited half year results showing a 23.9% year-on-year growth in Turnover from N110.2bn to N136.5bn. Profit Before Tax (PBT) growth was marginally positive by 1.2% from N28.2bn to N28.5bn, while Profit After Tax (PAT) recorded a similar increase of 2.2% from N19.0bn to N19.4bn. […]
