Culled—Proshare October 28, 2016/FBNQuest Research Event: Nigerian Breweries reports Q3 2016 results Implications: Likely downward revisions to consensus 2016 PBT forecast Positives: Net interest expense declined by -23% y/y Negatives: PBT declined by -66% y/y driven by a gross margin contraction of -639bps y/y and a 9% y/y rise in […]
Updates
CCNN Plc Records Another Disappointing Performance
October 28, 2016/Cordros Research On Friday, CCNN released results for nine months and third quarter ended September 2016. Revenue and operating expenses for 9M-15 were restated, thus the latest Q3-15 figures for these heads differed from those presented in last year’s account. This update compares the third quarter 2016 result […]
The Tony Elumelu Foundation Convenes Africa’s Largest Gathering of Entrepreneurs
October 28, 2016/TEEP Today, The Tony Elumelu Foundation (TEF) opened the 2nd TEF Entrepreneurship Forum – the largest gathering of African entrepreneurs and the highlight of the annual TEF Entrepreneurship Programme. The Forum celebrates the 2016 cohort of Elumelu Entrepreneurs – selected from over 45,000 applicants in 54 African countries – and […]
