Updates

Inflation to Maintain Its Upward Trajectory; to Rise to 18.2% – FDC

Culled—Proshare November 9, 2016/FDC Our Year-on-Year (YoY) headline inflation forecast for the month of October is estimated to increase marginally to 18.2%. This is a 0.3% increase from the previous month’s rate of 17.9%. We are also forecasting a month-on-month inflation rate of 0.67%, which if annualized is 8.38%, approximately […]

Unilever Nigeria Plc – Finance Costs Surprised Negatively

Culled—Proshare November 9, 2016/FBNQuest Research Modest cut to estimates; PT unchanged Unilever Nigeria’s Q3 2016 sales were stronger than we expected. However, PBT was weak and fell c.88% short of our estimate because of a negative surprise in net finance charges. As such, we have cut our earnings (pre-tax profit) […]

What a Trump victory portends for emerging markets and the local economy

Photo Credit: Global Risk Insights Culled—Proshare November 9, 2016/CardinalStone Research Following Donald Trump’s victory in the just concluded US presidential election, we highlight below our thoughts on the implications for emerging markets and specifically Nigeria. Impact on emerging markets and global economy dependent on Trump’s approach to China Trump’s landslide […]