October 31, 2024/CSL Research In its recently released unaudited 9M 2024 results, MTN Nigeria sustained its Revenue growth momentum, reporting a 33.7% y/y growth in Revenue to N2.37tn from N1.77tn in 9M 2023. On a q/q basis, Revenue increased by 5.7% to N831.12bn in Q3 2024 from N786.14bn recorded in […]
Results & Dividends
FBN Holdings Plc: Strong Earnings Support Profitability
October 31, 2024/InvestmentOne Report Upbeat Income from Core Business: According to financials released by FBNH for the period ending September 2024, the bank recorded impressive performance as gross earnings improved by 128.56% YoY to NGN2.25trn. This was on the back of the increase in both interest and non-interest income in […]
International Breweries Plc 9M 2024: Elevated Costs Erase Earnings
October 31, 2024/CSL Research International Breweries’ 9M 2024 numbers showed a substantial Revenue growth of 86.9% y/y to N343.45bn from N183.8bn (9M 2023). On a q/q basis, Revenue was up marginally by 0.2% to N120.25bn from N119.98bn in Q1 2024. The topline growth seen was mainly driven by c.23.5% price […]

