August 30, 2016/Reuters The International Monetary Fund (IMF) is demanding an external forensic audit of Mozambique’s public debt to regain investor confidence after a scandal over more than $2 billion in secret loans, its local representative said on Tuesday. Parliament and the attorney-general’s office have launched investigations into the undisclosed […]
Updates
CBN Licenses 11 New International Money Transfer Operators
August 30, 2016/CBN In furtherance of efforts to liberalise the Foreign Exchange Market, ensure liquidity and make foreign exchange more readily available to low end users, the Central Bank of Nigeria (CBN) has licensed more International Money Transfer Operators (IMTOs) to operate in Nigeria. In line with the existing Guidelines […]
Nestle Nigeria Plc Q2 2016 Earnings Review: FX Loss dents sustained recovery in topline
August 30, 2016/InvestmentOne Research Maintaining HOLD rating despite 82% cut to our EPS forecast on FX loss Following Nestle’s Q22016 numbers, which showed a negative bottom-line position in spite of sustained uptick in volume, we have reviewed our forecast for the Consumer Goods player to reflect the impact of further […]
