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 […]
Updates
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. […]
Meeting the Challenges of Growth and Infrastructure Investment
December 2, 2016/IMF IMF Deputy Managing Director Tao Zhang Remarks for Conference on Meeting Asia’s Rebalance and Growth Challenge Sydney, Australia December 2, 2016 Honorable Ministers, Ladies and Gentlemen, good morning. I am very pleased to join you today, and would like to once again thank the Australian government and […]
