By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Tuesday commenced the month of November on a positive note as the all-share index (ASI) advanced by 0.12 percent to close at 27,252.48 points. “Today’s gain pared the Year-to-Date loss to 5.01 percent, according to Cordros daily market update. […]
Updates
Nigerian Senate rejects Buhari’s plan to borrow $30 billion abroad
November 1, 2016/Reuters By Camillus Eboh Nigeria’s Senate dealt an unexpected blow to President Muhammadu Buhari on Tuesday by rejecting his plan to borrow $30 billion abroad for infrastructure projects and budget support until 2018. Senators threw out the plan, introduced last week, without debate. When a surprised Senate President […]
International Breweries Plc Records Pre-tax and Post-tax Losses in Q2’17 Results
Culled—Proshare November 1, 2016/FBNQuest Research Event: International Breweries reports Q2 2017 (end-Sep) results Implications: Downward revision to consensus estimates expected Positives: Sales of N6.6bn were up 35% y/y and 12% ahead of our estimates Negatives: Pre-tax and post-tax losses of –N216m Late yesterday, the NSE published International Breweries’ Q2 2017 […]
