November 9, 2016/Cordros Research The National Bureau of Statistics (NBS) released its Capital Importation report for the third quarter of 2016, wherein it revealed that the total value of capital imported into the country in Q3-2016 was US$1.82 billion, representing 74.84% q/q increase and 33.70% y/y decline. Noteworthy, the highest […]
Updates
Inflation to Maintain Its Upward Trajectory; to Rise to 18.2% – FDC
Culled—Proshare November 9, 2016/FDC Our Year-on-Year (YoY) headline inflation forecast for the month of October is estimated to increase marginally to 18.2%. This is a 0.3% increase from the previous month’s rate of 17.9%. We are also forecasting a month-on-month inflation rate of 0.67%, which if annualized is 8.38%, approximately […]
Unilever Nigeria Plc – Finance Costs Surprised Negatively
Culled—Proshare November 9, 2016/FBNQuest Research Modest cut to estimates; PT unchanged Unilever Nigeria’s Q3 2016 sales were stronger than we expected. However, PBT was weak and fell c.88% short of our estimate because of a negative surprise in net finance charges. As such, we have cut our earnings (pre-tax profit) […]
