Culled—-Proshare August 2, 2016/Vetiva Research Bottom line down, bank declares N41 billion loss Cost pressure persists, Interest Expense up 73% y/y Efficiency deteriorates amidst higher OPEX (FY’15 CIR: 113%) CAR weakens amidst 8% rise in loan book (FY’15 CAR: 12%) Interest, impairment, and staff cost impact bottom line After a […]
Updates
Nigerian equities market Down -0.04% to 27,831.95pts
August 2, 2016/InvestmentOne Research he Nigerian equities market fell -0.04% to 27,831.95pts despite rising +0.59% during intraday. The NSE ASI performance was driven by negative sentiments towards NESTLE (-49pts), WAPCO (-41pts), FO (-30pts), SEPLAT (-24pts) and ETI (-21pts) which offset the increased demand for DANGCEM (+148pts). All major sectors closed […]
Nigeria to raise nearly a billion dollars in naira Treasury bills
August 2, 2016/Reuters Nigeria plans to raise 245.18 billion naira ($773.44 million)worth of Treasury bills with maturities ranging between three months and a year on Aug. 3, traders said on Tuesday citing a central bank Treasury bill calendar. The central bank plans to issue 45.18 billion naira in 3-month debt, […]
