Updates

How Sustainable Is The New CBN FX Policy?

Culled—Proshare April 4, 2017/CardinalStone Research Following the new foreign exchange (FX) policy of the Central Bank of Nigeria (CBN), we discuss our views on impact & sustainability of the policy as well as our outlook for FX demand/supply in the short to medium term. The CBN’s New FX Policy & […]

PZ Cussons Nigeria – On a Path to Recovery

Culled–Proshare April 4, 2017/FBNQuest Research Strong sales, gross margin expansion boost bottom line PZ Cussons Nigeria’s (PZ) Q3 2017 (end-Feb) results were remarkable. The company’s sales, which were its highest in recent times, beat our forecast by 16.9%. The improved revenue was primarily driven by price increases. Product-wise, although the […]

Adesina visits Mahatma Gandhi’s home in Ahmedabad, extols his exceptional humanity

April 4, 2017/AfDB The President of the African Development Bank Group (AfDB), Akinwumi Adesina, has paid glowing tribute to India’s preeminent statesman, Mahatma Gandhi, saying that his work and life continue to inspire people across countries and generations. Adesina visited Sabarmati Ashram in Ahmedabad, the capital of the State of […]