February 21, 2017/Cordros Research Click here to view full report Late yesterday, NB released Q4-2016 and final results for 2016FY. Not surprising, 2016FY EPS was at record low N3.58 (vs. our estimate of N3.35), as gross margin compression (528bps) and significant increase in finance costs more than offset single-digit revenue […]
Updates
FG Meets Investors on the Issuance of Sovereign Green Bonds
February 21, 2017/Press Release “ Nigeria is committed to sustainable economic development. The Lagos Event is a concrete step in the process of developing and issuing our 2017 sovereign green bonds program ‘- Amina Mohammed, Minister of Environment. Nigeria’s aspiration to become a green economy inches closer as The Federal […]
IMF says drought to cut Somalia’s 2017 growth to 2-2.5 pct
20/2/2017/Reuters By Duncan Miriri Somalia’s economy is likely to expand by 2-2.5 percent this year, down from an estimated 3.4 percent last year, as drought cuts output in the important agriculture sector, the IMF’s country representative said on Monday. Ravaged by decades of civil conflict, the Horn of Africa nation […]
