Focus for the week: LAFARGE AFRICA PLC H1’24 Earnings Release
Chris IkosaAugust 6, 2024
Limited FX exposure in Q2 yield gains For the Q2’24 period, despite the high levels of rainfall, revenue increased by 49% y/y to
Focus for the week: HY’24 Nigeria Oil & Gas Outlook: Hanging on a fragile balance
VetivaJuly 23, 2024
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
VetivaJune 25, 2024
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
VetivaJune 18, 2024
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: Terminal rate hikes on the offing
Chris IkosaMay 28, 2024
In the third meeting of the year, the Cardoso-led Monetary Policy Committee (MPC) raised the Monetary Policy Rate by 150bps to 26.25%,
Focus for the week: Inflation responds to fiscal intervention but remains elevated
VetivaMay 20, 2024
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
VetivaMay 14, 2024
In Q1’24, ACCESSCORP showed robust topline growth, with Gross Earnings rising 140% y/y to ₦974 trillion. This increase was primarily
Focus for the week: UBA PLC FY’23 Earnings Release – Balance sheet expansion drives earnings growth
Chris IkosaApril 23, 2024
4th Quarter Performance In its Q4 results, UBA’s Gross Earnings came in at ₦767 billion, 213% higher y/y. This was as a result of a
Focus of the week: MPC raises MPR further, reverses corridor rate adjustments
VetivaApril 2, 2024
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
VetivaMarch 26, 2024
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