Updates

Ghana says to miss 2016 targets on growth, deficit reduction

February 3, 2017/Reuters Ghana will miss 2016 targets on growth, fiscal deficit reduction and its primary balance but is committed to restoring fiscal discipline and eliminating overexpenditure, Finance Minister Ken Ofori-Atta said on Friday. The new government is also committed to a three-year $918 million International Monetary Fund programme aimed […]

Guinness Nigeria Q2 2017 Results Review – Neutral Rating Maintained

Culled—Proshare February 3, 2017/FBNQuest Research Possibly moving into oversold territory Guinness Nigeria’s (Guinness) Q2 2017 (end-Dec) results were weaker than expected. The weak results were driven by negative surprises on the gross margin and net finance cost lines. The company is exposed to fx risks arising from the importation of […]

A Changing Economy: Economic and Financial Markets Outlook 2017 -2021

Culled—Proshare February 3, 2017/FSDH Research Executive Summary ·         The current foreign exchange shortage and the pressure on the Nigerian economy from the external sector are changing the consumption and the production patterns in Nigeria. These challenges provide exceptional opportunity for Nigeria to look inwards and build comparative advantage. This will […]