Sept 6, 2016/NSE On a monthly basis, The Nigerian Stock Exchange polls trading figures from major custodians and market operators on their foreign portfolio investments (FPI). The table below shows an analysis of transactions on The Exchange at the end of July 2016. Table 1: Analysis of Transactions for the […]
Updates
FBN Holdings Plc Q2 2016 Earnings Review
Sept 6, 2016/InvestmentOne Research Downgrade to a SELL despite +64.9% increase in PBT forecast on FX gains. Following FBNH’s Q2 2016 results which showed a +8.1% q/q improvement in PBT, we raised our 2016E PBT forecast by +64.9% to reflect the FX gains on revaluation. The increase in FX gains […]
Nigerian Economy: Beyond a Flexible Exchange Rate Policy
Culled—-Proshare Sept 6, 2016 By Temitope Oshikoya It appears our financial markets gurus are still over-fixated with the exchange rate. A recent article “A flexible exchange rate policy is still right,” starts with the wrong premise, but pparadoxically concludes and confirms exactly what it was trying to dispute—exchange rate adjustment […]
