Earnings drown on higher cost and operating expense Yesterday, Flour Mills of Nigeria released its third quarter (FQ3 19) result for the period ended December 2019, which showed a 27.4%…
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CORPORATE AND ECONOMIC CALENDAR Telecoms Data: Active Voice and Internet per State, Porting and Tariff Information – 6th February, 2019. Neimeth Pharmaceutical Int’l Plc: Annual General Meeting - 6th February,…
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Global Economy and Markets In this morning’s cut-out of our core strategy document – The Nigeria Strategy Report, we review developments pertaining to the direction of FPI flows across…
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Global Economy and Markets We continue with the serialization of our core strategy document – The Nigeria Strategy Report. We review developments in MEA (Middle-East and Africa) climes over 2018.…
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Global Economy and Markets Over the next few days, we will feature excerpts from our core strategy document – The Nigeria Strategy Report. The report communicates our understanding on…
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Nigerian Banks A Lofty Deal or a Damp Squib? • A switch to National Banking License... In our recently published equity commentary on Diamond Bank (See report: Overblown fright or…
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Activities in the Nigeria equities market was bearish in the past week, with the NSE ASI declining by 0.60% WoW to 30,681.50 points and market capitalization shedding about N61.8 billion…
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CBN moves the needle. Last week Thursday, for the first time this year, CBN conducted a special OMO auction where it sold Stabilization securities (STAB) worth N287.7 billion. This came…
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The Nigeria equity market booked another week of loss, with the NSE ASI declining by 2.54% WoW to 30,874.17 pts and the market capitalization shedding N293.7 billion over the week.…
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Executive Summary In our H1 18 strategy report, we projected a drop-in headline inflation, anchored on the blend of soft domestic food prices and base-effects (H1 17) with the scale…
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