Updates

FX Related Costs Bite Harder On Earnings of Julius Berger Nigeria Plc

Culled—-Proshare August 5, 2016/Vetiva Research FX related charges drag Q2 into loss Weak Q2 bottom-line mutes strong profitability over the quarter FY’16 earnings forecast revised lower following disappointing H1 Valuation revised slightly lower amidst pressure on FY’16 earnings JBERGER reported a 94% y/y drop in H1’16 PAT to N136 million […]

CBN Issues Directives on the Removal of Fixed Interest Rate on Credit cards

Culled—-Proshare August 5, 2015/CBN The Central Bank of Nigeria, in furtherance of its efforts at strengthening the Nigerian Payments System, hereby issues the following directives; The Removal of fixed interest rate on Credit cards; Discontinuation of actual address verification in account opening, for customers with the Bank Verification Number (BVN) […]

IOSCO seeks public comment on its analysis of liquidity in corporate bond markets

August 5, 2016/IOSCO The Board of the International Organisation of Securities Commissions (IOSCO) is seeking public comment on its consultation report entitled Examination of Liquidity of the Secondary Corporate Bond Markets, which was published today.  IOSCO undertook this work in response to the concerns of some market participants about liquidity […]