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
Focus of the week: NIGERIA BREWERIES PLC – Price increases mask volume decline
Robust revenue growth in a challenging landscape Nigerian Breweries navigated a turbulent business landscape in Q4’23, marked by
Focus of the week: NIGERIA BREWERIES PLC – Price increases mask volume decline
Robust revenue growth in a challenging landscape Nigerian Breweries navigated a turbulent business landscape in Q4’23, marked by
VCI West African Equity Index Performance – Q4’23 Market Report
VCI Index shed 0.6% in Q4’23 In 2023, the VCI index faced a downturn, experiencing a year-on-year decline of 13.2%. The main
December 2023 Inflation – Inflation rises to 27-year high
Consumer price inflation ascended to 28.92% y/y, 20bps lower than our estimate (Vetiva: 29.12% y/y) and 72bps above the prior month
Focus of the Week: Banking Sector 2024: FX Revaluation and Capital Issuance
Absence of material FX revaluation gains to drag NIR In 2023, most of our coverage banks recorded material FX revaluation gains;
Focus of the Week: FY’24 SSA Banking Outlook – Core banking to drive growth
Nigerian Banks: Core banking to drive growth In 2023, the Nigerian banking industry recorded an impressive performance, driven majorly
Focus of the Week: FY’24 SSA Banking Outlook – Core banking to drive growth
Nigerian Banks: Core banking to drive growth In 2023, the Nigerian banking industry recorded an impressive performance, driven majorly