Focus for the week: NESTLE NIGERIA PLC H1’24 Earnings Release – Revenue soars amid persistent macro challenges
Revenue surges as losses abate in Q2 Nestlé Nigeria PLC recorded a significant improvement in revenue for Q2’24, up 67% y/y to
Focus for the week: July 2024 Inflation review – Inflation moderates for the first time in 19 months
Inflation moderates for the first time in 19 months Nigeria’s July 2024 CPI reading showed that prices rose at a slower pace for the
Focus for the week: SEPLAT ENERGY PLC H1’24 Earnings Release – Operating results soar on growth in other
Income. H1 revenue dips on lower volumes lifted in Q1 Seplat’s H1 results largely mirrored our expectations. Revenue declined 23% y/y
Focus for the week: HY’24 Nigeria Oil & Gas Outlook: Hanging on a fragile balance
Global economic picture remains mixed but shows resilience. Despite the pressures on the global economy from high interest rates and
Focus for the week: May 2024 Inflation – Inflation may likely peak in June
In May, headline inflation rose by 26bps to 33.95% y/y (Apr’24: 33.69% y/y). The outturn was 55bps below the Bloomberg consensus
Focus for the week: Tolaram to acquire Diageo’s shareholding in Guinness Nigeria Plc
Provisions of the sale agreement • Diageo is selling its shareholding in Guinness Nigeria Plc, as it looks to reduce its presence in
Focus for the week: Inflation responds to fiscal intervention but remains elevated
In April, headline inflation rose by 49bps to 33.69% y/y (March: 33.20% y/y). The surprise outturn was 51bps below Bloomberg
Focus for the week: ACCESS HOLDINGS PLC Q1’24 Earnings Release – Interest Income drives earnings expansion
In Q1’24, ACCESSCORP showed robust topline growth, with Gross Earnings rising 140% y/y to ₦974 trillion. This increase was primarily
Focus of the week: MPC raises MPR further, reverses corridor rate adjustments
In the second meeting of the year, the Cardoso-led Monetary Policy Committee (MPC) raised the Monetary Policy Rate by 200bps to 24.75%
Focus of the week: February 2024 Inflation – Inflation nudges to 31.7%, a new 27-year high
Headline inflation rose by +180bps to 31.70% y/y in February (January: 29.90% y/y). This outturn is a 40bps print above Bloomberg