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-25% cut to our 2020-21E EPS forecasts
Lafarge Africa's (Lafarge) Q1 2020 earnings of N8.1bn improved 215% y/y. The primary drivers were a -65% y/y decline in net finance charges following the firm's deleveraging off its balance sheet via a N90bn rights issue and divestment from its South...
Yield on Nigerian government’s five-year bond shrank by 200 basis points or 2% on Friday with returns falling across maturities after the Central Bank of Nigeria made a surprise announcement Thursday, bringing down benchmark lending rate to ramp up economic growth, traders told Reuters.
Rising...
The Federation Account Allocation Committee (FAAC) disbursed the sum of N581.57bn to the three tiers of government in March 2020 from the revenue generated in February 2020.
The amount disbursed comprised of N466.06bn from the Statutory Account, N15.20bn from FOREX Equalisation Account...
Dangote Sugar Refinery Plc(DANGSUGAR) published its FY19 (audited) and Q1'20 results earlier today. The company recorded marginal growth (+1.8% YoY to N22.4 billion) in PAT in FY'19, while its Q1'20 after tax earnings declined by 9.0% YoY to N6.4 billion. Following the release of the FY'19...
Dangote Cement Plc has posted a strong performance in the first quarter (Q1) ended March 31 2020, with revenue rising to N249.182 billion, up from N240.157 billion in the corresponding period of 2019. Profit Before Tax (PBT) appreciated by 11 per cent, from N78.96 billion to N88.06 billion...
Renaissance Capital Analyst, Soji Solanke, holds that some of the most compelling stock picks lie in the banking sector.
Even with many Nigerian institutions already grappling with a difficult regulatory environment prior to the Covid-19 pandemic, Renaissance Capital Analyst, Soji Solanke...
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