Culled—Proshare November 11, 2016/FBNQuest Research The NBS recently released its latest Capital Importation Report which covers Q3 2016. The data was obtained from the CBN and compiled using information on banking transactions. The total value of capital imported into Nigeria in Q3 2016 was estimated at US$1.8bn; this represents an […]
Updates
October 2016 Inflation Rate to Increase Further to 18.17% – FSDH
Culled–Proshare November 11, 2016/FSDH Research We expect the October 2016 inflation rate (year-on-year) to increase further to 18.17% from 17.85% recorded in the month of September 2016. The expected increase in the inflation rate will be driven by higher prices within the Food and Non-Alcoholic Beverages division, as well as […]
Dangote Sugar Refinery Plc: Recommendation Upgraded to BUY
November 11, 2016/Cordros Research We upgrade recommendation on DANGSUGAR to BUY (previously HOLD), with 2017 TP of N8.31. The company’s dominance in the sugar industry — more so considering that unofficial imports have been significantly constrained by FX scarcity — has allowed management to boldly respond to cost pressures via […]
