April 10, 2017/LafargeHolcim The Board of Directors of LafargeHolcim will nominate Patrick Kron for election as a new Board member at the Group’s upcoming Annual General Meeting on May 3, 2017. At the same time Philippe Dauman and Alexander Gut have taken the decision not to stand for re-election. As […]
Updates
FGN deficit 50% higher in 2016; Widened from N1.50trn to N2.35trn
Culled—Proshare April 10, 2017/ FBNQuest Research The FGN deficit widened from N1.50trn to N2.35trn (US$930m) in 2016, and so was comfortably within the 3% of GDP threshold set in the Fiscal Responsibility Act of 2007. Retained revenue was 10.1% lower than the previous year at N2.97trn, and total spending 10.7% […]
Mobil Oil Nigeria Plc – Another IOC Exits Downstream
Culled—Proshare April 10, 2017/FBNQuest Research Underperform rating maintained In Q4 2016, Mobil Oil Nigeria’s (Mobil) results in came in better than expected, boosted by gross margin expansion and improved real estate income which grew 40% y/y to N6.0bn. This week, NIPCO Investments, owner of NIPCO Plc – a leading Independent […]
