March 30, 2017/CBN In continuation of its determination to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) wishes to inform market participants and the general public that it will commence twice weekly forex sales to Bureaux de Change (BDCs) from Monday, April 3, 2017. Licensed […]
Updates
Cadbury Nigeria Plc is Upgrading to Neutral after Marked Sell-off
Culled—Proshare March 30, 2017/FBNQuest Research 9% reduction to our price target Cadbury Nigeria’s (Cadbury) Q4 2016 results rounded off a challenging 2016. Despite strong topline growth during the quarter, which was around 40% ahead of our estimate, and a recovery from losses in prior quarters (–N477m and –N1.1bn in Q2 […]
Unilever Nigeria Q4 2016 Results Review – Positive Surprise in Q4
Culled—Proshare March 30, 2017/FBNQuest Research Increase to earnings estimates and price target Unilever Nigeria’s Q4 2016 results were better than we expected due to positive surprises on the sales and operating expenses lines. As such, we have increased our earnings estimates for the 2017-18E period significantly. On the back of […]
