March 3, 2025/Spreckley By, Osama Bari, Chief Technology Officer at D24 Fintech Group Two-factor authentication, liveness checks, and a centralized approach reduce the likelihood or eventual impacts of a hack, says D24 Fintech Group. Dubai-based cryptocurrency exchange Bybit was the victim of what is being widely reported as the single […]
Author: InvestAdvocate
FAAC Allocation: Oil Price Fluctuations Pose Fiscal Risks
March 3, 2025/CSL Research The Federation Account Allocation Committee (FAAC), at its February 2025 meeting held in Abuja shared a total sum of N1.703 trillion among the Federal Government (N552.59bn), States (N590.61bn), and Local Government Councils (N434.57bn). Additionally, oil-producing states received N125.28bn as derivation fund (13% of mineral revenue). This […]
Dangote Cement FY 2024: Strong Topline Growth Mitigates Cost Pressures and FX Loss
March 3, 2025/CSL Research Financial Highlights: Revenue +62.2% y/y to N3.58TN Cost of Sales (ex-depreciation) +64.8% y/y to N1.46TN OPEX (ex-depreciation) +72.74% y/y to N799.75BN EBITDA +56.0% y/y to N1.38TN Operating Profit +56.9% y/y to N1.15TN Profit before Tax +32.4% y/y to N732.54BN Stock Rating: BUY Target Price: N505.33/s Dangote […]
