August 12, 2016/Cordros Research FLOURMILL’s Q1-16/17 numbers outperformed consensus, with EBIT and PBT respectively growing by 56.9% y/y and 394.3% y/y. Key drivers were the significant growth in gross profit and decline in finance charges. Given the strong start to the year, albeit acknowledging underlying downside risks, we have revised […]
Updates
IMF Names Dennis Botman as Greece Resident Representative
August 12, 2016/IMF “Mr. Dennis Botman has been appointed the IMF’s Senior Resident Representative in Greece and will start his assignment on September 2, 2016. He replaces Mr. Wes McGrew, who is returning to headquarters at the end of a normal three-year rotation assignment, which ends this month. “Mr. Botman, […]
Cut in United Kingdom Base Rate…a Plus or Minus for Nigeria?
Culled—-Proshare August 12, 2016/Meristem Research At the end of the recently concluded Monetary Policy Committee (MPC) meeting in the United Kingdom, the Committee voted for a package of measures designed to provide additional support to growth, and achieve a sustainable return of inflation to the 2% target. Subsequently, the Committee […]
