Culled—Proshare November 18, 2016/FDC The price of a 50kg bag of rice crossed N25,000 in Benin city this week. The Cway water dispenser refill which sold for N350, jumped 43% to N500 in Lagos. Retailers across Nigeria are bracing themselves for a bleak Christmas as Headline Inflation crossed the 18% […]
Updates
Forte Oil Plc raises N9bn 5year Fixed rate Bond
Culled—Proshare November 18, 2016/Forte Oil Plc Forte Oil Plc (The Company), a public liability company listed on the Nigerian Stock Exchange and a foremost integrated energy service provider, has successfully closed its N9 Billion Series 1debt issue. This is the first series of its proposed N50 billion bond issuance programme. […]
Okomu Oil Palm Plc – Healthy fundamentals; Neutral rating maintained
Culled—Proshare November 18, 2016/FBNQuest Research Upward revisions to estimates and price target Okomu Oil’s (Okomu) Q3 2016 results came in stronger than we expected. The variance versus our estimates was due to sales and total costs (cogs+opex) surprising positively. We have tried to reflect the surprises in our forecasts. As […]
