Culled—-Proshare Sept 01, 2016/Vetiva Research Q2 real GDP declines 2.09% compared to our 2.9% estimate Oil sector in the middle of deep slump Services sector growth turns negative 2016 real GDP growth seen at -1.3% Recession confirmed, tough outlook ahead Nigeria’s recession received the official stamp with real GDP down […]
Updates
Nigerian Breweries: Conference Call Update – Slight Cut to 2016FY EPS and TP
Sept 01, 2016/Cordros Research We came away from yesterday’s conference call, with the management of NB, believing that operating performance in H2-16 would come in line with our expectation. Rising operating costs and deteriorating brand mix continue to pose threat to margins while management seeks to address these issues via […]
Tony Elumelu Sees Africa on the Rise,Calls for Stronger Business Relationships between Africa and France
31/8/2016/UBA Plc At the recent MEDEF Summer University Forum in Paris, the annual meeting of French business and political leaders, Tony Elumelu, Chairman, Heirs Holdings and UBA Plc and Founder of the Tony Elumelu Foundation, stressed the opportunities Africa offers and urged stronger business relationships between France and Africa; calling for a deepening of commercial relationships based on mutual respect and interest. The Forum is one […]
