July 27, 2016/FICAN As part of efforts to enhance capacity of reporting the new foreign exchange structure, the Finance Correspondents Association of Nigeria (FICAN) has concluded plans to organise series of training sessions for its members. The first edition of the series of programme on the foreign exchange market is […]
Updates
Result of OMO Auction for July 27’16-Cowry Research
July 27, 2016/Cowry Research Amount on Offer- 50.00BN Tenor- 288-day Total Subscription- N133,619,442,000.00 Maturity date- 11/May/2017 Range of Bids- 16.9500 – 20.0000 per cent Stop Rate- 18.0000 per cent Total Sale- N87,662,542,000.00
FBN Holdings Plc: Devaluation Serves as Earnings Outperformance Catalyst
July 27, 2016/Cordros Research FBN Holdings Plc (FBNH) released its half year result for the period ended 30 June 2016, yesterday. Annualized EPS (earnings per share) was N1.97 (H1’15: N2.20), outperforming both consensus and our estimate of N1.24 and N1.25 respectively. Return on Average Equity (RoAE) for H1’16 decreased to […]
