March 21, 2025/CSL Research Dangote Petroleum Refinery has temporarily suspended fuel sales in the local currency to prevent a financial mismatch between its crude oil purchases in US dollars and domestic fuel sales in Naira. As we discussed last week, the refinery has been increasing crude oil imports from the […]
Author: InvestAdvocate
United Capital Weekly Pan African Monitor Friday 21-March-2025
March 21, 2025/United Capital Update Anglophone West Africa Nigeria Nigeria’s inflation rate falls to 23.18% in February 2025 Nigeria’s inflation rate dropped for the second consecutive month to 23.18% in Feb-2025 from 24.48% recorded in January. Despite this overall decline in inflation, three states – Edo, Enugu, and Sokoto – […]
Lafarge Africa Plc 2024FY Update: Poised for Sustained Growth
March 21, 2025/Cordros Report In this note, we update our outlook and estimates for Lafarge Africa Plc (WAPCO) and present our expectations for 2025E. In 2024FY, WAPCO’s revenue grew by 71.8% y/y, driven by higher pricing (+54.6% y/y) and increased sales volume (+12.0% y/y), leading to a 96.2% y/y rise […]
