Culled—Proshare May 3, 2017/FBNQuest Research Neutral rating maintained Nestle Nigeria (Nestle) posted earnings growth of 25% y/y in Q1 2017 thanks to a strong topline growth of 69% y/y. This topline growth completely offset negatives on both the gross margin and opex lines. Price increases across all categories were the […]
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NSE ASI revs by 58.4 bps amid bullish activities
May 3, 2017/Cowry Asset Overall equities market performance measures, NSE ASI and market capitalisation, revved by 58.4 bps amid bullish activities. Elsewhere, NIBOR moved in mixed directions across the tenor buckets. On the otherhand, NITTY fell for most of the maturities amid renewed bargain hunting. Meanwhile the OTC FGN bond […]
Africa’s CEOs seize the opportunities that uncertainty brings
May 3, 2017/PwC Notwithstanding the current economic and socio-political uncertainty, numerous companies in Africa are still positive about the growth potential of the continent. PwC (www.PwC.com) research across the continent shows that 91% of CEOs are confident about their own companies’ growth prospects in the medium term. “This is the […]
