By InvestAdvocate Lagos (INVESTADVOCATE)-Fidelity Bank Plc on Wednesday clarified its temporary suspension from the foreign exchange market by the Central Bank of Nigeria and said it has repaid $288 million of the funds. “Fidelity bank has repaid over $288m of these funds in line with the advised repayment schedule,” the […]
Updates
PZ Cussons Nig Plc: Expensive at Current Value; SELL Rating Maintained
August 24, 2016/Cordros Research PZ’s 2016FY revenue was below our forecast by 2% while PAT (-24%) came in much lower. Compared to 2015FY, revenue and PAT both declined by 5% and 53% respectively. Weak revenue (on account of low sales volume) and lower margins (driven by forex-induced cost inflation) primarily […]
Bidco Says London Protesters are Cons
Company says it won’t bow to blackmail August 24, 2016/Bidco Africa Bidco Africa (www.BidcoAfrica.com) has said the protesters that picketed outside Standard Chartered and Barclays Banks in London on Tuesday are con artists trying to blackmail the company. The company says it has been fighting an anonymous and faceless group of […]
