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Total Nigeria Plc is Positioned for a Stellar 2016; Shares Rated Neutral

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Total logo             Strong all round performance in Q2 Total Nigeria’s (Total) Q2 2016 performance was better than expected. Sales and earnings both grew, 65% y/y and 211% y/y respectively. Access to fx for imports and an inventory load-up of relatively cheap stock were the primary drivers. The stock has ...

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