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UBA Plc – Strong Earnings Run Rate Despite Marginal Miss

Culled—Proshare October 17, 2017/Vetiva Research  Gross Earnings up 26% y/y – 7% ahead of our estimate · Strong FX trading income masks high costs, amidst improving FX liquidity ·         We… Read more »

Fidelity Bank Successfully Issues $400 Million Eurobond

Culled—Proshare October 16, 2017 Fidelity Bank (Fidelity Bank Plc (-/B-/B-) priced a highly successful US$400m 5-year Eurobond with a 10.50% coupon in what is the largest combined new issue &… Read more »

UBA Report: Consolidating on Stellar Q3 Performance Amidst OPEX Pressure

October 16, 2017/Cordros Research Click here to download full PDF copy of report This afternoon, United Bank for Africa Plc (UBA) released 9M 2017 results, wherein key lines consolidated on… Read more »

Nigerian Stocks Sustains Bullish Momentum on Bargain Hunting

October 16, 2017/Cordros Report Click here to download full PDF copy of report EQUITIES The equities market sustained its uptrend, with the ASI appreciating by 0.33% to 36,971.27 points, following… Read more »

CR Services Plc Set to Float Rights Issue

Culled—Proshare October 16, 2017/NASD Plc Further to the passage of the resolutions authorising the Company’s proposed Rights Issue at the Extra-Ordinary General Meeting, this is to notify shareholders of CR Services… Read more »

UBA Reports Q3 2017 Results; OPEX Grew 25% YoY

Culled—Proshare October 16, 2017/FBNQuest  Event: United Bank for Africa (UBA) reports Q3 2017 results Implications: Limited revisions to consensus PBT forecasts; Neutral reaction from the market Positives: Loan loss provisions… Read more »

Weekly Stock Recommendation 16-October-2017

October 16, 2017/Cordros Research Click here to download full PDF copy of report CADBURY NIGERIA PLC (CADBURY) – SELL ▪ The shares of CADBURY gained by 1.65% last week to… Read more »

Nigerian Stocks Open Week Positive, Gains 0.33%

October 16, 2017/InvestmentOne Research ASI starts the week on a positive note, gaining +0.33%  Also, market breadth index ended in the green as 24 stocks advanced compared with 15 stocks… Read more »

Union Bank Rights Issue Closes October 30 2017

October 16, 2017/Cordros Research Union Bank of Nigeria Plc (UBN) Rights Issue, opened on 20 Sept, 2017, will close on Monday, 30 October 2017. Use of Proceeds: 80% of proceeds… Read more »

Participate in the Upcoming T-bills Auction

October 16, 2017/ARM Securities This is to notify you of the upcoming FGN Treasury Bills auction scheduled to hold on the 18th of October, 2017 with respective details below. To… Read more »