Culled—Proshare May 8, 2017/FSDHGroup Research A review of the latest Purchasing Managers’ Index (PMI) that the Central Bank of Nigeria (CBN) published for the month of April 2017 suggests that the Nigerian economy is on the way out of recession. However, we believe more policies are required to achieve sustainable […]
Updates
Fitch Downgrades Nigeria’s Seven Energy to ‘C’
Culled—Proshare May 8, 2017/Fitch Ratings Fitch Ratings has downgraded Nigeria-based Seven Energy International Limited’s Long-Term Issuer Default Rating to ‘C’ from ‘CC’ following the non-payment of a material financial obligation. Simultaneously, Fitch has affirmed wholly owned subsidiary Seven Energy Finance Limited’s USD300 million 10.25% senior secured notes due 2021 at […]
Lafarge Africa Plc: Finally!!!
May 8, 2017/Cordros Research Click here to download full PDF Report Lafarge Africa Plc (LAFARGE) stated in a press release today, that a resolution to raise the sum of N140 billion by way of a Rights Issue (RI), will be presented to its shareholders at the upcoming Annual General Meeting […]
