April 27, 2017/Cordros Research Click here to download full PDF Report EQUITIES The equities market pared yesterday’s loss, following demand for banking and oil & gas names. The All Share Index advanced by 0.52% to close at 25,753.00 points. Today’s performance increased the Month-to-Date gain to 0.93% and reduced the […]
Updates
FirstBank Sustainability Centre Hosts SME Conference to Drive Made in Nigeria Goods
April 26, 2017/First Bank of Nigeria Ltd First Bank of Nigeria Limited, through one of its Sustainability initiatives, the FirstBank Sustainability Centre in partnership with the Lagos Business School is hosting the 2017 SME Conference to drive creativity, innovation and productivity among local manufacturers in Nigeria. Small and Medium Scale […]
Total Nigeria Reports Q1 2017 Results – Gross Margin Contracts to 11.2% YoY
Culled—Proshare APRIL 26, 2017/FBNQuest Research Event: Total Nigeria (Total) reports Q1 2017 results Implications: Cuts to consensus 2017E estimates expected Positives: Q4 sales of N80.5bn up 35% y/y and PBT up 11% y/y to N4.3bn Negatives: Gross margin contracted -371bps y/y to 11.2%; PAT declined -5% y/y due to a relatively […]
