June 7, 2017/InvestmentOne Research Please click to download a copy of our the Nigerian Banks Q1 2017 Update Recent rally amidst improving Macro and FX liquidity caps upside potential · We update our near term outlook on the Banking sector from negative to slightly positive on our expectation of a […]
Updates
Mining industry returned to profitability in 2016, says PwC’s Mine 2017 report
June 7, 2017/PwC Profitability restored – aggregate net profit of $20 billion Balance sheets bolstered with increased debt repayments Market capitalisation of the Top 40 increased by 45 percent to $714 billion But, capex down 41 per cent to a record low of $50 billion, and exploration budgets reduced to […]
Expected Surge in Domestic Debt Stock
Culled—Proshare June 7, 2017/FBNQuest Research The FGN’s domestic debt stock amounted to N11.97trn (US$39.2bn) at end-March, equivalent to 11.7% of 2016 GDP. We should view the steep increase of 8% or N910bn in Q1 in the context of the DMO’s deliberate front-loading of issuance, which totalled N535bn over the three […]
