Updates

AFREXIM Bank, ICCO, NEXIM Bank, Others Recommit to Revamping Nigeria’s Cocoa Sector

“There is a need for cooperation and input from all the stakeholders and synergy between the financial institutions to achieve any meaningful development in the Cocoa industry….” – Bashir M. Wali August 18, 2016/NEXIM Bank ABUJA, Nigeria, 17th of August, 2016: In the bid to revive the ailing cocoa Industry […]

Nigeria’s Buhari says monetary policy alone not enough to expand economy

August 18, 2016/Reuters Nigeria will need to combine monetary policies with fiscal and structural policies in order to overcome its worst economic crisis in decades and return to growth, President Muhammadu Buhari said on Thursday. Nigeria is in the middle of its worst crisis in decades as a slump in […]

Total Nigeria Plc is Positioned for a Stellar 2016; Shares Rated Neutral

August 18,2016/FBNQuest Research Strong all round performance in Q2 Total Nigeria’s (Total) Q2 2016 performance was better than expected. Sales and earnings both grew, 65% y/y and 211% y/y respectively. Access to fx for imports and an inventory load-up of relatively cheap stock were the primary drivers. The stock has […]