Africa Finance Corporation’s $400 million Islamic finance deal underscores the growing role of Sharia-compliant funding in Africa’s energy sector – an opportunity for greater Arab-African investment cooperation set to be explored at the upcoming Invest in African Energy Forum Africa’s energy sector is seeing growing interest from Islamic financial institutions, […]
Author: InvestAdvocate
Nigeria’s Crude Oil Production Surpasses OPEC’s Quota
February 17, 2025/CSL Research According to the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), crude oil production, excluding condensates rose by 3.6% in January to 1.54 million barrels per day (mbpd), up from 1.48 mbpd in December. This represents the highest production level since March 2021 and marks the first time […]
Nigerian Breweries Plc Audited FY 2024: Underwhelming FY 2024 Performance, Below Our Expectation
February 17, 2025/CSL Research Nigerian Breweries’ FY 2024 audited financial results revealed a strong 80.8% y/y increase in Revenue, crossing a ₦1 trillion mark to reach ₦1,084bn from ₦599.643bn in FY 2023 and surpassing our FY24 forecast of ₦959.5bn by 13%. Likewise, on a q/q basis, the company’s Revenue rose […]
