Culled—Proshare 22/3/2017/ARM Research CPO price boon drives top-line to record high: Presco, as the only integrated oil palm production company in Nigeria4 benefitted immensely from favourable pricing environment which underpinned a strong rise in both top-line and earnings. Importantly, Presco’s 9M 16 sales of N11.9 billion (+48.4% YoY) eclipsed previous […]
Updates
Fitch Says Nigerian Banks will Continue to Face Challenges
22/3/2017/Fitch Ratings (This statement was made by Fitch Ratings on Marhc 22, 2017) Lagos (INVESTADVOCATE)-Nigerian Banks: Peer Review Fitch Ratings-London-22 March 2017: Fitch Ratings says Nigerian banks will continue to face challenges this year, following an extremely difficult 2016. Banks faced multiple threats from the operating environment in 2016, including […]
Nigerian Palm Oil Sector: Waxing Strong Under Policy Cover
Culled—Proshare 22/3/2017/ARM Research Executive Summary In contrast to the macro-induced sell-offs across the broad equities market in 2016, palm oil producers had a stellar year as policy changes in response to the FX pressures handed the sector a lifeline. Specifically, CBN’s proscription of FX access for palm oil imports changed […]
