Updates

Nigerian Breweries is Maintaining Underperform Rating on Weak Q3 2016 Results

Culled—Proshare November 22, 2016/FBNQuest Research PT unchanged despite 7% average cut to our EPS forecasts Following Nigerian Breweries’ (NB) Q3 2016 results which surprised negatively, we have cut our EPS forecasts by around 7% on average over the 2017-18E period. Despite the cuts to our EPS forecasts, our price target […]

NSE Extends Losses on Selloffs across Oil & Gas Counters as CBN Retains Rate

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Tuesday extended losses to the eighth consecutive session primarily driven by heavy selloffs across the Oil & Gas names with the all -share index (ASI) falling by 0.15 percent to close at 25,461.34 points. This is coming on the heels […]

IMF Reaches Staff-Level Agreement with Bosnia and Herzegovina on the First Review under the Extended Fund Facility

November 22, 2016/IMF An International Monetary Fund (IMF) mission, led by Nadeem Ilahi, visited Bosnia and Herzegovina (BiH) during November 9-22, 2016 to conduct discussions on the first review of BiH’s Extended Fund Facility (EFF). At the conclusion of the visit, Mr. Ilahi made the following statement: “Bosnia and Herzegovina’s […]