Culled—Proshare October 10, 2016/Vetiva Research Weak start to FY’17 as FX woes persist ·         Revenue outperforms following price increase ·         Revision to forecasts, TP lowered – SELL rating maintained Outsized FX loss drags Q1’17 earnings Succumbing to the foreign exchange challenge facing most manufacturing companies in Nigeria, PZ Cussons Nigeria […]

Culled—Proshare October 10, 2016/RTC Advisory Services Nigeria’s Recession… According to NBS data, the Nigerian economy has recorded two consecutive quarters of economic contraction… In Q1 2016, GDP growth was negative (-0.36%) and recently released Q2 2016 data reflects a larger contraction (-2.06%) The economic contraction is fairly broad…and includes both […]