Mark Mobius, chairman of Templeton Emerging Markets Group, is picking Nigerian bank stocks ahead of South African peers as Johannesburg-based lenders battle rising bad-debt charges while trading at higher valuations. “The banks up north are cheaper,” Mobius said in an interview in Johannesburg yesterday, referring to Lagos-based lenders. “The big […]
Tag: Nigeria
Diageo sales up 1.8 percent in first-half on emerging market weakness
Diageo (DGE.L), the world’s biggest distilled spirits company, reported a 1.8 percent rise in sales for the half-year to December hurt by weakness in China, Thailand and Nigeria. The maker of Johnnie Walker whisky, Smirnoff vodka and Guinness beer said earnings before items were 62.6 pence per share. Sales in […]
Nigerian authorities free opposition deputy leader on bail
Nigeria’s State Security Service (SSS) on Tuesday freed the deputy head of the main opposition coalition on bail, a day after he was detained over comments he is reported to have made warning of violence in next year’s presidential polls. Nasir el-Rufai was quoted in daily ThisDay last Thursday as […]
