February 28, 2017/Syngenta Syngenta (www.Syngenta.com)’s Seedcare program for smallholder farmers in Senegal has led to impressive yield increases for pearl millet (1.2 t/ha, +40%), sorghum (1.1 t/ha, +86%), maize (2.7 t/ha, +101%), irrigated rice (9.4 t/ha, +11%) and rain-fed rice (2.0 t/ha, +33%). The achievements from year one of the […]
Updates
Flour Mills of Nigeria Plc | Resilient in 2017; But Not Particularly Rosy Going Forward
February 28, 2017/Cordros Research Click here to download full report Despite the outperformance on revenue (10% more than Cordros’ estimate), FLOURMILL’s Q3-16/17 PBT came behind our forecast by 83%. The key outliers during the period were other operating losses (+36% ahead) and finance costs (+310% ahead). The former was impacted […]
Nigeria Records Quadruple Negative GDP Growth in 2016, Contracts -1.3%
February 28, 2017/Cordros Research Click here to download full report from NBS The National Bureau of Statistics (NBS) just released Nigeria’s Q4-2016 GDP growth estimate. Real GDP contracted by 1.3%, 20bps lower than Bloomberg’s compiled median estimate of -1.5%. This marks the first year round negative growth since 1987 (prior […]
