December 2, 2016/Partnership Africa Canada Cameroon is allowing conflict diamonds from the Central African Republic to cross over its borders and into the legal supply chain due to poor controls, smuggling and corruption, Partnership Africa Canada (www.PACweb.org) said in a report published today. The full report can be accessed at: […]
Updates
Flour Mills of Nigeria Q2 2017 Results Review – Strong Underlying Results; Maintaining OP Rating
Culled—Proshare December 2, 2016/FBNQuest Research Rolling over to 2018E; price target up 19% Although Flour Mills of Nigeria’s (FMN) Q2 2017 (end-Sep) PBT missed our forecast by 12%, the difference was mainly due to a negative surprise of N7.8bn in other operating expense which was driven by fx devaluation. Beyond […]
Trade Balance Improves in Q3 2016 Due to Rising Exports but Still Negative
Culled—-Proshare December 2, 2016/NBS Total Merchandise Trade The total value of Nigeria’s merchandise trade at the end of Q3, 2016 stood at ₦4,721.9 billion, an increase of ₦661.5 billion or 16.3% from the preceding quarter value of ₦4,060.4 billion. This development arose due to increase in both imports and exports. […]
