Updates

Lafarge Africa Plc: Ignore the Debt Conversion; Focus on Fundamentals!

November 17, 2016/Cordros Research In announcing its 9M-16 result, the management of LAFARGE informed investors/analysts that the company, as at July, 1st 2016, converted shareholders’ loan for an amount of USD493 million (out of USD510 million) to an equity instrument, on which the repayment (including interest at an average 6% […]

Forward movement in e-payments

Culled—Proshare November 17, 2016/FBNQuest Research Data from the CBN’s Economic Report for H1 2015 reveal that the volume of electronic payments surged by 22% y/y to 244 million while the value increased by 20% y/y to N2.3trn (US$7.3bn). The CBN commentary indicated that ATM remained the most patronised e-payment channel […]

digitXplus releases 2nd edition of Digital Facts Book

November 17, 2016/TPT International With 63 million internet users available in Nigeria, the country has been ranked number 1 in Africa and eight in the world in terms of internet usage. This was disclosed by the second edition of digitalfacts – Nigeria, West & Central Africa; a publication produced by digitXplus. The book […]