Tuesday, March 3, 2026
Focus for the week: FLOUR MILLS OF NIGERIA PLC Q1’25 Earnings Release – Company returns to profitability
Higher topline lifts overall performance In Q1’25, Flour Mills reported a 67% y/y increase in revenue to ₦763.2 billion. This...
Read moreDetailsFocus for the week: LAFARGE AFRICA PLC H1’24 Earnings Release
Limited FX exposure in Q2 yield gains For the Q2’24 period, despite the high levels of rainfall, revenue increased by...
Read moreDetailsFocus 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...
Read moreDetailsFocus 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...
Read moreDetailsFocus 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...
Read moreDetailsFocus for the week: Terminal rate hikes on the offing
In the third meeting of the year, the Cardoso-led Monetary Policy Committee (MPC) raised the Monetary Policy Rate by 150bps...
Read moreDetailsFocus 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...
Read moreDetailsFocus 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...
Read moreDetailsFocus for the week: UBA PLC FY’23 Earnings Release – Balance sheet expansion drives earnings growth
4th Quarter Performance In its Q4 results, UBA’s Gross Earnings came in at ₦767 billion, 213% higher y/y. This was...
Read moreDetailsFocus 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...
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