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 […]
Updates
ntel announces TY Danjuma as new Chairman
July 27, 2016/ntel Danjuma makes significant investment in ntel Tunde Ayeni to serve as Vice-Chairman ntel remains on course to complete $1bn investment plan by 2020 Customers in Lagos and Abuja experiencing best broadband on ntel 4G/LTE Lagos –NatCom Development & Investment Limited “NatCom” (trading as ntel) has announced a […]
European stocks rise, Asia lifted by Japan stimulus
Wed Jul 27, 2016/Reuters By Nigel Stephenson Stocks rose in Europe and Asia on Wednesday while the yen sank against the dollar, after Prime Minister Shinzo Abe said his government would present a $265 billion stimulus package to reflate the Japanese economy. The larger-than-expected figure helped lift Tokyo stocks 1.7 […]
