November 8, 2016/Cordros Research Despite significant revenue and EBIT growth in Q3, UNILEVER recorded y/y and q/q PBT contractions, and would have posted a loss after tax, save for a tax credit (N449.8 million). The company’s production costs have risen quite significantly over the last two quarters, denying earnings the […]
Updates
FG raises deposit insured limit of mortgage banks to N500, 000
8/11/2016/Vanguard By Babajide Komolafe The federal government has approved the upward review of the Maximum Deposit Insurance Coverage (MDIC) per depositor of mortgage banks to N500, 000 from N200, 000. Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim disclosed Monday in Lagos. He spoke during the NDIC […]
Slowdown in Accommodation and Food Services; Sector Contracts by -6.4% YoY in Q2’16
Culled—Proshare November 8, 2016/FBNQuest Research Today we turn our attention to Nigeria’s hotel, restaurant and quick service meal industry (also referred to as accommodation and food services). Given the macro challenges which have affected the broader economy, the sector has contracted steadily since Q2 2015. Based on data from the […]
