July 25, 2016/Reuters Verizon Communications Inc (VZ.N) will announce an agreement on Monday to buy Yahoo Inc (YHOO.O) for about $5 billion, according to a person familiar with the matter. The announcement will come before the start of New York trading hours, the source added. The deal will end months […]
Updates
MPC Likely to Favour a Holding Operation
Culled—-Proshare July 25, 2016/FBNQuest Research The monetary policy committee (MPC) meets today and tomorrow in Abuja, and has a similar dilemma to two months ago. In May members faced a surge in inflation and a contraction in the economy. They left the policy rate of 12.00% and banks’ cash reserve […]
Nigerian Breweries Plc Hit by Difficult Operating Environment
Culled—-Proshare July 25, 2016/FSDH Research HY1 2016 Performance Analysis Nigerian Breweries Plc (NB) improved its top line performance in HY1, June 2016. However, the difficult operating business environment hindered the company’s bottom line performance. NB’s Turnover (T/O) increased marginally by 3.76% to N157.37bn in HY1 2016, compared with N151.67bn recorded […]
