OP-EDS

Nigeria’s PMI edges higher in October, on increased local demand

Quick take: Sustained cost pressure weighs on profit

Quick take: Increased OPEX drags Pre-tax Profit

Macro weakness: Justification for cheap Nigerian stocks?

Quick Take: Poor performance extends into Q3

Quick take: Earnings beat estimates on strong Non Interest Income and write backs

Bridging Nigeria’s Infrastructure gap; getting the funding   

Quick Take: Seasonality and high leverage weigh on earnings

Quick take: Stanbic IBTC’s decent performance

Quick Take: Lower revenue & higher leverage underpins weak operating performance