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Proshare Nigeria
July 28, 2017
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Earlier this afternoon, Nigerian Breweries (NB) published its Q2 2017 results which showed that sales grew by 12% y/y to N89.7bn while PBT and PAT of N16.6bn and N12.3bn advanced by 58% y/y and 43% y/y respectively.
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July 28, 2017
NSE First Bank of Nigeria Holding Company (FBNH) Plc recently released its H1- 2017 earnings which showed impairments remain a major issue as the bank booked even more specific charges.
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July 28, 2017
Late yesterday, FBNH released its Q2 2017 results, which showed a -21.5% q/q decline in PBT to N15.7bn. We highlight that this was c.-43% lower than our estimate largely due to loan impairment charges, which were +19.6% higher than our estimate.
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FMDQ Fixings Data (Delayed by 24 Hours)
as at Jul 25, 2017
Tenor Rate (%) Change (%)
O/N 20.1 Proshare-2.05
1M 18.7167 Proshare0.21
3M 21.0124 Proshare1.02
Tenor Rate (%) Change (%)
1M 14.2912 Proshare-1.12
3M 19.296 Proshare4.58
6M 19.6715 Proshare-0.05
SPOT RATE ($/N) Change (%)
325 Proshare0.00
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