Culled—Proshare April 24, 2017/Meristem Source: www.merifx.com Fundamental Indication GBP: The British Pound (GBP) rally on Tuesday, 18th April, 2017, following Prime Minister, Theresa May’s announcement of a snap election to be held on June 8, was not sustained as the Pound subsequently declined against the Dollar. We anticipate that the […]
Updates
Sound Asset Growth of the PFAs
April 24, 2017/FBNQuest Research The assets under management (AUM) of the regulated pension industry increased by 16.1% y/y to N6.16trn (US$20.1bn) in December. We view the increase as creditable when we consider the softness of FGN bond prices over the period, and the arrears in contributions by some state governments […]
Lafarge Africa Plc: Q1 2017 Results: Key Highlights
April 24, 2017/NSE LAFARGE AFRICA released its Q1 2017 results today. Please find key highlights of the results below: · Revenue of N81.7bn up by +55.1% y/y · PBT of N9.45bn compared to c.-N2.2bn Loss before tax in Q1 2016 · Profit after tax of N5.16bn, as against c.-N1.87b Loss after […]
