October 30, 2024/Coronation Research Summary Market liquidity closed at negative N837.3bn on Friday (25 Oct ‘24). Call, overnight, and repo rates closed within the range of 6.63%—30.14% as rates moderated. Last week, the average NTB yield increased by +2bps to close at 24.2%. During the week, the CBN conducted a […]
Author: InvestAdvocate
GTCO 9M-24: Solid Core and Non-Core Income Growth Buoys Profitability
October 30, 2024/Cordros Report Guaranty Trust Holding Company Plc (GTCO) published their 9M-24 unaudited results yesterday (29 October), reporting a 196.0% y/y increase in EPS to NGN38.41 (9M-23: NGN12.98), supported by the sturdy growth across the group’s core (+161.7% y/y) and non-core (+95.2% y/y) income lines. In 9M-24, GTCO reported […]
Presco Plc9M 2024; Sturdy 9M Performance
October 30, 2024/CSL Research Presco Plc (PRESCO) reported a strong 67.3% y/y increase in Revenue for the first nine months of 2024, reaching N128.57 billion compared to N76.87 billion in 9M 2023. On a quarterly basis, however, Revenue fell slightly by 10.9%, from N45.48 billion in Q2 to N40.55 billion […]
