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Africa’s Richest Man to Invest Up to $50 Billion in U.S., Europe

16/8/2017/Bloomberg By Francine Lacqua and Paul Wallace Aliko Dangote is tempted by renewable energy, petrochemicals Sees 60% of group’s investments being outside Africa in 2020 Africa’s richest man, Aliko Dangote,… Read more »

Okomu Oil Q2 2017 Results Review: Neutral Rating Maintained Despite Strong Q2

Culled—Proshare August 16, 2017/FBNQuest Research Modest upward revisions to our estimates and price target  Okomu Oil’s (Okomu) Q2 2017 results came in stronger than we expected mainly because of a… Read more »

Investment Flows in Need of a Boost

Culled—Proshare August 16, 2017/FBNQuest Research In today’s chart we highlight the investment flows on the balance of payments. These are gross flows (ie those in the reporting economy before investment… Read more »

Nigerian Equities Record Third Session Straight Loss on Profit-Taking

August 16, 2017/Cordros Research Click here to download PDF Copy of Report EQUITIES The equities market recorded loss for the third consecutive session as investors took profit, causing the ASI… Read more »

Seplat Petroleum Development Company – Earnings Recovery Looking More Secure

Culled—Proshare August 16, 2017/Vetiva Research ·         Q2 delivers $8.6 million operating profit as Forcados resumes ·         Production back to pre-Force Majeure 56,000 boed (working interest) ·         Warri crude evacuation capacity… Read more »

Guaranty Trust Bank Plc – Earnings Advance on Lean Provisioning

Culled—Proshare August 16, 2017/ARM Research Yesterday, Guaranty Trust Bank Plc. (GTB) released audited H1 2017 results, wherein earnings came in stronger at N83.7billion (YoY: 17% YoY) with EPS of N2.84…. Read more »

Dangote Sugar Refinery Plc – Bet the Ranch?

Culled—Proshare August 16, 2017/ARM Research Across the consumer clime, Dangote Sugar Refinery (DSR) has been one of the more attractive stocks with key drivers pointing to sustained momentum. Particularly, higher… Read more »

SEC Says MTN Nigeria Still on Course to List Shares

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) on Wednesday said telecoms giant MTN Nigeria is still in talks with the Commission on listing its shares on… Read more »

Guinness Nigeria N39.7 Billion Rights Issue closes on 31 August 2017

August 16, 2017/Cordros Research Guinness Nigeria Plc’s (GUINNESS) Rights Issue, opened on 24 July, 2017, will close on Wednesday, 30 August 2017. The Rights Issue is being undertaken to enable… Read more »

Opportunities abound for foreign investment in Africa’s hospitality sector-PwC

August 16, 2017/PwC The hospitality sector in Africa’s emerging markets looks set to profit from foreign investment and an influx of foreign travellers. The emerging markets are set to post… Read more »