Culled—Proshare December 2, 2016/FDC OPEC surprised sceptics in reaching a production cut deal for the first time in a decade. The cartel has agreed to cut production by 1.2mbpd to 32.5mbpd, which is 34.7% of global oil demand. This is great for Nigeria who is among the countries exempt from […]
Updates
Conflict Diamonds from CAR Entering International Markets via Cameroon
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: […]
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 […]
