Culled—Proshare March 30, 2017/Proshare Research Subsequent to the long-awaited intervention in our foreign exchange market by the Central Bank of Nigeria (CBN) in H2 2016 guided by a managed float policy approach, the CBN subsequently decided on the periodic publication of the Foreign Exchange (FX) utilisation by banks on a […]
Updates
Total Nigeria Plc – Moving from Underperform to Neutral Rating
Culled—Proshare March 29, 2017/FBNQuest Research EPS forecasts up 24% over the 2017-19E period; PT up 19% Total’s full year 2017 PAT of N14.8bn grew 266% y/y on the back of solid topline growth and a gross margin expansion of 498bps y/y to 17%. The company benefitted from shrinking competition in […]
Stocks Closes in Red, as ASI Shed 0.55% on Sell-Offs in Banking. Consumer Goods Counters
March 29, 2017/InvestmentOne Research Please click to download the Market Report for Wednesday 29th March 2017 EQUITIES Following sell-off in some Banking and Consumer names, the All Share Index shed -0.55% to close in the red for the second day in a row, taking YTD return to -5.98% while the index market […]
