Culled—Proshare May 22, 2017/FBN Capital Research The monetary policy committee (MPC) opens its latest meeting in Abuja today, and is due to announce its decisions tomorrow afternoon. We see an unchanged stance. In its decisions it has to allow for an economy which has contracted y/y for four successive quarters […]
Updates
Weekly Market Wrap-InvestmentOne
May 22, 2017/InvestmentOne Research Trade ideas for the week We remain positive on both quality Banking and cement stocks on continued elevated interest rate regime and potential for increased government capex spending. While recent rally has seen valuation a bit stretched, we still see on the average c.15% potential upside […]
Dangote Flour Mills’ Return to Profitability
…Launches new affordable pasta to substitute rice consumption in Nigeria May 22, 2017/Dangote Flour Mills Plc Shareholders at the weekend in Lagos applauded the Dangote Flour Mills return to profitability after posting a profit before tax of N11.82bn for its financial year ended December 31, 2016. The Chairman of Dangote […]
