October 30, 2024/CSL Research Okomu Oil Palm Plc (OKOMUOIL) reported a remarkable 71.8% y/y increase in Revenue for the first nine months of 2024 (9M 2024), reaching N103.95 billion, up from N60.65 billion in 9M 2023. However, Revenue was down moderately by 8.2% q/q, dropping to N28.94 billion in Q3 […]
Author: InvestAdvocate
FBN Holdings Plc 9M-24: Sturdy Funded and Non-Funded Income Growth Boosts Earnings
October 30, 2024/Cordros Report FBN Holdings Plc (FBNH) published their 9M-24 unaudited numbers yesterday (29 October), recording a 125.1% y/y increase in EPS to NGN14.72 (vs 9M-23: NGN6.54). We attribute the substantial earnings expansion to the increases across the group’s core (+164.6% y/y) and non-core (+82.4% y/y) income lines. FBNH […]
Fuel Imports Continues
October 30, 2024/CSL Research According to a Punch news report, Aliko Dangote, Chairman of the Dangote Group has urged Nigerian petroleum marketers, including the Nigerian National Petroleum Company Limited (NNPC), to source petrol directly from his refinery to meet the country’s fuel demands. Dangote confirmed that his Lekki-based refinery is […]
