Updates

Dealers Fail To Subscribe Fully to CBN $100m Offer

Culled—Proshare May 3, 2017/CBN The Central Bank of Nigeria (CBN) says authorized dealers were able to subscribe to $65.94 million out of the $100 million offered by it at the inter-bank wholesale transactions concluded on Wednesday, May 3, 2017. The Bank also on Wednesday offered another $150 million to be […]

LafargeHolcim Annual General Meeting 2017: Shareholders approve all Board proposals

May 3, 2017/LafargeHolcim The shareholders of LafargeHolcim attending today’s ordinary Annual General Meeting approved all motions proposed by the Board of Directors. 783 shareholders representing 63.92 percent of the company’s share capital were present at the meeting held in Zurich. The shareholders confirmed Beat Hess as Chairman of the Board […]

Zenith Bank Plc – Strong start to FY’17, earnings beat estimates

Culled—Proshare May 3, 2017/Vetiva Research Top and bottom line beat estimates, up 49% and 41% y/y respectively OPEX and Interest cost pressures persist Loan loss expense in line with estimates We revise our target price to N28.00 (Previous: N27.25) Earnings beat, supported by strong top line growth ZENITHBANK released its […]