October 10, 2016/AfDB The Board of the African Development Bank (AfDB) has approved the institution’s proposal to launch an ‘Africa Investment Forum (AIF)’—a meeting place for investors interested in Africa. The AIF will showcase bankable projects, attract financing, and provide platforms for investing across multiple countries. It will also serve […]
Updates
PZ Cussons Nigeria Plc – Starts FY’17 with a ₦1.6 billion loss
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 […]
Nigeria’s Economy and Recession – Outlook for 2017
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 […]
