Culled—Proshare December 21, 2016/FBNQuest Research Strong topline growth impact on earnings Although Q3 2016 sales missed our forecast by 5.2%, Presco has continued to enjoy strong double digit sales growth in recent quarters. Aside increased demand for its product locally, the company is also benefiting from increased pricing power as […]
Updates
Lagos to host CashlessAfrica Expo 2017
December 21, 2016/CashlessAfrica Digital disruption is shifting the balance stay of power in financial services and influencing the way, millions of people bank their money, make payments, remittances and more, in a continent where mobile phone penetration exceed bank accounts and bank cards ownership, combined. Africa’s highly regulated financial industry […]
Nigeria’s finance minister says central bank will eliminate naira black market
20/12/2016/Reuters Nigeria’s central bank will try to eliminate the currency black market, where the naira trades about 40 percent below the official rate against the dollar, Nigeria’s finance minister said on Tuesday. Africa’s largest economy, dependent on oil exports, is in its first recession in 25 years as low global […]
