Culled—Proshare April 21, 2017/FBNQuest Research Event: Nigerian Breweries reports Q1 2017 results Implications: Upward revisions to consensus 2017 PBT forecast expected Positives: Sales and PBT grew by 18% y/y and 16% y/y respectively Negatives: Limited; gross margin shrunk by -364bps y/y to 44.4% Late yesterday Nigerian Breweries (NB) published its […]
Updates
Foreign Exchange Payment for Small-scale Importation
Culled–Proshare April 21, 2017/CBN Further to the circular referenced TED/FEM/FPC/GEN/01/002 dated April 10, 2017, on the above subject, the Central Bank of Nigeria hereby introduces the use of FORM Q by Small and Medium Scale Enterprises (SMEs) as part of its efforts to improve access to foreign Exchange by SMEs. […]
CBN Suspends New Withdrawal, Deposit Processing Fees
April 21, 2017/CBN You will recall that a directive was issued on the nationwide implementation of the Cash-less policy vide our circular with reference numbers BPS/DIR/GEN/CIR/04/001 dated 21st February, 2017 and BPS/DIR/GEN/CIR/04/002 dated 16th March, 2017 Please note that the new withdrawal and deposit processing fee charges above the threshold […]
