Author: InvestAdvocate

Nigerian Breweries Plc 9M 2024: Rising Costs and FX Headwinds Weigh Heavily on Earnings.

October 24, 2024/CSL Research Nigerian Breweries’ 9M 2024 financial results revealed a strong 76.9% y/y increase in Revenue, reaching N710.87bn from N401.8bn (9M 2023). Howbeit, on a q/q basis the company’s Revenue shrunk by 10.5% in Q3 2024 to N226.1bn from N252.65bn (Q2 2024). This new revenue milestone in 9M […]

FG Bans Export of Liquefied Petroleum Gas

October 24, 2024/CSL Research The Federal Government has announced a ban on the export of locally produced Liquefied Petroleum Gas (LPG), commonly known as cooking gas, starting 01 November 2024. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, explained that this decision is aimed at prioritizing domestic supply […]

Joint Report Explores Scope for Coordinated Approaches on Climate Action, Carbon Pricing, and Policy Spillovers

October 23, 2024/IMF Five international organizations today released a landmark report that outlines pathways for coordinated approaches on climate action, carbon pricing, and the cross-border effects of climate change mitigation policies with a view to achieving global climate goals. The report was presented on the 23rd of October by the […]