Editor
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...
TotalEnergies Marketing Nigeria profit after tax surges by 96.1% y/y to...
...TotalEnergies' profit before tax increased by 94.7% y/y to N13.73 billion in Q2-24 (Q2-23: N7.05 billion).
...Profit after tax surged by 96.1% y/y to N9.07...
International Breweries posts higher pre-tax loss of N61.81 billion driven by...
...Gross margin reversed its downward trend, expanding by 486bps y/y to 28.1% in Q2-24 (H1-24: -422bps y/y to 28.1%)
...Revenue surged by 94.4% y/y (H1-24:...
Banks| Will the rights issues succeed?
...The equity market is being asked to raise in the region of N3.0 trillion (once upcoming deals are announced) in capital increases for the...
Nigerian Communications Commission directs reactivation of all lines blocked by telecom...
...The NIN-SIM linkage policy aids in verifying and protecting users' identities while also providing a critical infrastructure that assures access to the benefits of...
Markets Wrap| NGX All-Share Index closes 0.1% lower as earnings ramps...
...The total volume of trades declined by 65.3% to 379.13 million units, valued at N8.71 billion, and exchanged in 10,096 deals
...Proceedings in the Treasury...
