November 11, 2016/Reuters South African power utility Eskom Chief Executive Brian Molefe said on Friday he would step down in January, a week after he was implicated in a report by the anti-graft watchdog on allegations of influence peddling. Molefe said although he was stepping down, this was not an […]
Updates
CBN Says Interchange Fee to Replace Merchant Service Charge Effective May 01, 2017
November 11, 2016/CBN With the introduction of the Cash-Less Nigeria Project and the release of the Guidelines on PoS Card Acceptance Services, the CBN outlined the Merchant Services Charge (MSC) and the modalities for its operation in the payments system. This hard enhanced the issuance and utilization of cards transaction […]
International Breweries Q2 2017 Results Review – Positive Revenue outlook blurred by FX Issues
Culled—Proshare November 11, 2016/FBNQuest Research Underperform rating maintained despite valuation rollover Broadly speaking, International Breweries’ underlying Q2 2017 (end Sep) results were stronger than we expected. Consequently, we have increased our EBIT forecasts for the 2017-18E period by 16% on average. Although we have attempted to reflect a negative surprise […]
