Updates

Oil slip sends dollar, bond yields skidding

November 28, 2016/Reuters By Marc Jones | LONDON The dollar saw its biggest drop in almost a month on Monday as a bashing for oil prices on doubts about an OPEC output cut this week left investors reversing “Trumpflation” trades that have gripped markets since the U.S. election. Crude prices […]

FCMB Group Q3 2016 Results Review – Weak Q3 Driven by Marked Spike in Provisions

Culled—Proshare November 28, 2016/FBNQuest Research Neutral rating maintained despite 44% reduction to our PT FCMB Group’s (FCMB) Q3 2016 results came in well behind our forecasts, largely because of a negative surprise in loan loss provisions. Although non-interest income grew strongly (due to fx gains of N17.0bn) and opex declined […]

Namibia comes out top of all African countries featured in Global Entrepreneurship Index

Rwanda, Botswana and South Africa fall closely behind November 28, 2016/Mara Foundation The Ashish J Thakkar Global Entrepreneurship Index of 85 countries ranks Singapore as the best environment for entrepreneurs Of the African nations, Namibia scores highest and comes 42nd overall – ahead of other prominent African markets, such as […]