October 27, 2016/Cordros Research Earlier today, DANGCEM released results for nine months and third quarter ended September 2016. The key features of the Group’s third quarter result are (1) 21.6% y/y (but -1.2% q/q) revenue growth; (2) significant gross margin contraction; (3) opex spike; (4) considerably weak EBITDA and EBIT […]
Updates
Shareholders Approve Jaiz Bank’s Bid to List on NSE
Culled—-Proshare October 27, 2016/Punch Shareholders of Jaiz Bank Plc, Nigeria’s first non-interest bank, on Wednesday unanimously voted its shares to be listed and traded on the floor of the Nigerian Stock Exchange (NSE). According to the bank, this will open opportunities for individuals who desire to own shares in the […]
IMF Approves Modifications Method of Collecting Exchange Rates for Calculation of Value of SDR
October 26, 2016/IMF The Executive Board of the International Monetary Fund (IMF) approved on October 26, 2016 technical modifications to the methods for collecting the exchange rates used in the daily valuation of the SDR [see link to the Board paper]. The Board decision was taken on a lapse-of-time basis.[1] […]
