By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing company, Oando Plc on Monday reported a loss of N54.35 billion in the third quarter (Q3) period ended September 30, 2016 compared to a loss of N37.72 billion recorded a year ago. Also, the company recorded a loss before tax (LBT) of N87.52 billion from […]
Updates
The Return of Dollar Shortages
Culled—Proshare October 31, 2016/ Project Syndicate; Carmen Reinhart Immediately after World War II ended, a new phrase entered the economic lexicon: “dollar shortage.” European economies were coping with extensive war-related damage and a broad array of impediments to their efforts to rebuild their industrial base. At the time, the United […]
Nestle Nig. Plc Records LAT in Q3-16 on Higher Effective Tax
October 31, 2016/Cordros Research NESTLE released results for nine months and third quarter ended September 2016. The key features of the third quarter result are (1) 16.6% y/y and 10.7% q/q revenue growth; (2) significant y/y gross margin contraction; (3) net forex loss; and (4) a LAT of N5.1 billion, […]
