Culled—Proshare April 20, 2017/ Vetiva Research · FY’16 topline up 11% q/q as Home and Personal Care segment surprise · Cost savings from OPEX drive Q1’17 PAT outperformance · ₦63 billion rights issue on the cards following tough 2016 · Upward revision to estimates, target price – SELL rating maintained […]
Updates
Short-Term Ratings on Five Nigerian Banks Raised to ‘B’ On Criteria Revision
Culled—Proshare April 20, 2017/S&P Global Ratings S&P Global Ratings said that it has raised its short-term counterparty credit ratings on five Nigerian banks (please refer to the Ratings List section below for the list of banks affected). We labeled the short-term counterparty credit ratings as “under criteria observation” (UCO) on […]
Base Effects Dictate Inflation Trajectory
Culled—Proshare April 20, 2017/ARM Research Nigeria’s headline inflation decelerated for the second consecutive month (-50bps) to 17.3% in March – though lagging the scale of moderation in prior month’s reading (-92bps). Instructively, the reading was significantly behind Bloomberg consensus estimate of 16.7% as changes in food inflation (-10bps to 18.4% […]
