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Nigerian Breweries Plc reports a 63.4% y/y rise in revenue for...
...NB recorded a lower pre-tax loss of N50.76 billion in Q2-24 (Q2-23: N50.41 billion).
...Following a N17.65 billion tax credit in the period (+30.5% y/y),...
Currency pressures and macroeconomic headwinds subdue MTNN’s earnings in Q2-24
...Total subscribers increased by 2.9% to 79.4 million
...Service revenue rose by 32.6% to N1.5 trillion
...EBITDA margins fell by 17.4 percentage points (pp) to 35.6%
...Profit...
FBN Holdings Plc pre-tax profits soars 99.7% y/y to N411.99 billion...
...FBNH delivered a 155.4% y/y increase in interest income to N947.69 billion in H1-24, largely driven by the elevated yield in the fixed income...
OBITUARY| Onyeka Onwuenu, globally acclaimed singer, songwriter dies at 70
WED JULY 31 2024-theGBJournal|One of Nigeria's greatest singer/songwriter as well as music performer and broadcaster, Onyeka Onwuenu has died. She was 70 years.
She died...
Nigerian stocks close lower amidst sell off, NESTLE and UBA down...
...Sectoral performance was mixed, as the Consumer Goods (-2.1%), Banking (-1.7%), and Insurance (-0.8%) indices declined, while the Oil & Gas (+0.4%) index advanced....
FGN bonds average yield climbs 3bps to 19.4% as bears feat...
TUE JULY 30 2024-theGBJournal| The FGN Bonds average yield rose marginally by 3bps to 19.4% Tuesday, as market traded on a bearish note.
Across the...
African Development Bank launches 54 country focus reports, designed to deepen...
...The reports give deeper country-by-country specific dynamics and insights
...In summary, these reports contain pragmatic policies (short, medium and long-term) to accelerate African countries' economic...
Solid topline growth and reduced FX exposure boost Lafarge Africa Plc...
...H1-24 revenue increased by 49.5% y/y (cement +49.6% y/y | aggregates +47.3% y/y | other products +79.6% y/y).
...OPEX (ex-depreciation) increased by 28.6% y/y, largely...
MTNN shuts offices nationwide
TUE JULY 30 2024-theGBJournal| Mobile telecommunications corporation, MTN Nigeria, in a short vague statement on its X handle, said it is closing down shops...
Acquisition Approval Delays| The wrong look for Nigeria
...There is a crying need for a new level of efficiency, timeliness, and openness in the approval process to give a fair shake to...
