January 31, 2025/CSL Research Okomu Oil Palm Plc (OKOMUOIL) in its unaudited FY 2024 results reported an impressive 73.4% y/y increase in Revenue, reaching N130.06 billion, up from N74.98 billion in FY 2023, marginally missing our FY2024 estimate of N135.01 billion by 3.8%. However, Revenue was down moderately by 9.8% […]
Author: InvestAdvocate
United Capital Weekly Pan African Monitor Friday 31-January-2025
January 31, 2025/United Capital Anglophone West Africa (WAEMU) Nigeria Insurance sector assets hit N3.88tn in Q3 – NAICOM According to the National Insurance Commission (NAICOM), total assets in the insurance sector expanded by 5.15% to N3.88tn at the end of Q3-2024 compared to N3.69tn reported in the previous quarter. In […]
FBN Holdings Plc 2024FY: Higher Funded and Non-Funded Income Boosts Profitability
January 31, 2025/Cordros Report FBN Holdings Plc (FBNH) released their 2024FY unaudited financial statements after the close of business yesterday, recording a 137.4% y/y increase in earnings per share to NGN20.40 (2023FY: NGN8.59). We attribute this to the broad-based growth across both core (+158.4% y/y) and non-core (+43.2% y/y) income […]
