Culled—Proshare June 12, 2017/FBNQuest Research Event: International Breweries reports Q4 2017 (end-Mar) results Implications: Upward revisions to consensus 2018 forecasts likely Positives: Sales, PBT and PAT grew 47% y/y, 89% y/y and 56% y/y respectively Negatives: Operating expenses grew 115% y/y; came in 11% ahead of our estimates Late last […]
Updates
The better news on external debt
Culled—Proshare June 12, 2017/FBNQuest Research In stark contrast to the challenging burden of its sovereign domestic debt service, the data for Nigeria’s external obligations are comforting. Total obligations at end-March amounted to US$13.81bn, equivalent to 3.4% of 2016 GDP. The increase in Q1 amounted to US$2.4bn, consisting of Eurobond sales […]
Weekly Market Review in Charts
June 12, 2017/InvestmentOne Research Please click to download our Weekly Market Review in charts. Macro Indicators Inflation as at April 2017 17.24% MPR 14.00% Overnight rate 18.50% GDP growth as at Q1 2017 -0.52% External reserves as at 09/06/2017 $30.28bn Brent crude price $48.03/b
