Culled—Proshare 1/11/2016/FBNQuest Research Event: Lafarge Africa reports Q3 2016 results Implications: Slight reduction to consensus 2016E pre-tax loss forecast likely Positives: No obvious positives Negatives: Lafarge reported a pretax loss of -N11.6bn driven by a gross margin contraction of 2,243bps y/y to 5.5% and a -N3.4bn fx loss. Lafarge Africa’s […]
Updates
DMO Explains Why Government Needs Proposed $30bn Proposed Loan
1/11/2016/The Will The Director General of the Debt Management Office (DMO) Dr. Abraham Nwankwo has provided clarifications on the proposed $30bn foreign loans request submitted to the National Assembly by President Muhammadu Buhari last week for the execution of projects from 2016 to 2018. THEWILL recalls that the Senate rejected […]
Elumelu Speaks on Africapitalism Ideology with Le Monde Afrique
November 2, 2016 The chairman of Africa’s global lender, Tony Elumelu recently granted an interview in France with Le Monde Afrique, were he bared his mind on his Africapitalism ideology as it concerns Africa’s desired leap to new heights. Click on link to read full interview
