June 30, 2017/Fitch Ratings Fitch Ratings-London-30 June 2017: Recent improvements in the near-term growth outlook for the advanced economies are not expected to be sustained over the medium-term, says Fitch Ratings in a new report. “While we have become more optimistic about advanced country growth prospects in 2017 and 2018, […]
Updates
Seplat Plc – In the clear
Culled—Proshare June 30, 2017/ARM Research Upward Revision to Forecast Subsequent to the lifting of the force majeure on the Trans-Forcados Pipeline (TFP) alongside upgrade at the alternative route (Warri refinery), we revise our estimates for Seplat and increase our fair value estimate (FVE) to N518.74/share (previously N346/share). We see substantial […]
NNPC Reduces Operating Deficit from N5.6bn to N5.3bn
Culled—Proshare June 30, 2017/FBNQuest Research In April the NNPC reduced its operating deficit from N5.6bn the previous month to N5.3bn (US$17m), its best performance since the token profit of N0.3bn in May 2016. Profits were generated by production (N2.0bn), refineries (N1.6bn) and retail activities (N1.6bn) before deductions for central costs […]
