Author: Marketforces Africa

Nestlé’s Nigeria gets Hold rating on flat earnings, food segment concern

FSDH advises investors to Buy Okomu Oil shares for descent upside Okomu Oil Palm Company Plc bolstered first quarter (Q1) of 2020 earnings with significant increase in local sales. The company’s revenues jerked up more than 65% to N7 billion from N4.2 billion in the comparable period in 2019. Due to significant improvement in performance, analysts at FSDH advised its customers to buy Okomu oil stock as it present decent upside. FSDH Research hinged the recommendation on the company’s above average fundamentals across revenue, net income growth, return on equity and low financial leverage. Traded at N55.05, Okomu Oil market…

Macroeconomic pressures likely to herald corporate mergers, acquisitions – Analysts 

Federal allocation of ₦1.95 trillion disbursed in first quarter – NEITI

IntBrew: Analysts downgrade stock as loss making streak continues

Experts forecast FX outflow, say scarcity drives bargain hunting in fixed income market

Financial Times ranks LBS as Best Executive Education provider in Africa

Nigeria, Ghana, Other four countries account for 70% of DSSI $70bn Eurobonds

UBA: analysts maintain Buy rating on solid earnings across board in a tricky Q1

WSTC upgrades GTBank to BUY rating on improved expected total return