Culled—-Proshare July 28, 2016/FBNQuest Research Event: UAC of Nigeria (UACN) reports Q2 2016 results Implications: Slight changes to consensus 2016 EPS forecast expected Positives: Limited; PBT grew by 12% y/y, though expected Negatives: PAT declined -5% y/y and -10% q/q resp. on the back of a higher tax rate of […]
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Nigeria’s problems defy central bank fixes
By Swaha Pattanaik July 28, 2016 The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Sometimes one’s best just isn’t good enough. A little more than a month after scrapping an economically damaging currency peg, Nigeria’s central bank on July 26 raised interest rates by a […]
SEPLAT Records N13 Billion Loss in H1’16
By InvestAdvocate Lagos (INVESTADVOCATE)- First dual listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc on Thursday declared a loss after tax of N13 billion in its half-year (H1) period ended June 30, 2016 compared to N8.0 billion recorded a year ago. Similarly, Seplat reported a loss […]
