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Nestle Nigeria Plc Q1 2018 Earnings Review

June 15, 2018/InvestmentOne Report Limited Upsides Potential Despite Improving Macro Environment We maintain a HOLD recommendation on Nestle Nigeria Plc following the release of its Q1 2018 scorecard. Our view is premised on the limited upside represented by our target price of N1,570 against current price levels. We highlight that […]

Funding rates Crash below 5% as CBN Holds off on OMO ahead of Sallah Break

Culled—Proshare June 14, 2018/Zedcrest Capital *** FX Cash rates hit new high of N360/$ as CBN sustains interventions to BDCs*** *** External Reserves Recover by $200m in one Week*** KEY INDICATORS Inflation 11.61% Declined by 0.87% in May from 12.48% in April 2018 MPR 14.00% Left unchanged at 14.00% at […]

Nigerian Equities Market Week-to-Date Performance Up +0.67%, Driven By Oil & Gas Sector

June 14, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday closed negative as the Nigerian Stock Exchange all-share index (NSEASI) lost 0.27 percent to close at 38,928.02 points; while week-to-date (WTD) performance closed up by 0.67 percent. Cordros reports that gains were sustained on the equities market amidst […]