Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

African Trade Insurance: President Buhari finalises Nigeria’s membership

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African Trade Insurance: President Buhari finalises Nigeria’s membership President Muhammadu Buhari has signed the instrument of ratification to the African Trade Insurance Agency’s (ATI) treaty. Membership in ATI provides African countries with additional trade and investment insurance capacity, which helps cushion against the negative economic impacts of COVID-19. Sherry Kennedy, the agency Senior Communication Officer made this known in a statement on Wednesday. The statement reads that the country joins ahead of others that are fast-tracking membership given the trade and investment insurance challenges during the COVID-19 pandemic and also recognizing the potential post pandemic opportunities. Read Also: “This finalises…

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Neimeth Plc: Analysts Advised Investors to Sell despite Enhanced Profitability

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Neimeth Plc: Analysts Advised Investors to Sell despite Enhanced Profitability WSTC Securities Limited has advised investors to offload Neimeth Pharmaceutical Plc stock, though the firm recognised the company’s enhanced profitability. Despite the sell recommendation, analysts stated that they remain optimistic of the growth prospects of the company. The investment firm said it arrived at a fair value of N1.26 which implies a justified price earnings of 6.17x, though the stock currently trades at a price earnings ratio of 9.04x. In the recently released Q3’20 ended June 30, 2020 results, Neimeth declared a strong topline and bottomline growth. The company’s revenue…

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