August 20, 2024/CSL Research In H1 2024, MTN Nigeria saw substantial growth driven primarily by double-digit increases in both voice (+12.4% y/y to N632.38 billion) and data (+54.7% y/y to N727.33 billion), despite experiencing inflationary pressures which increased Operating Expenses significantly (+51.4% y/y to N404.63 billion). For 2024, we maintain […]

August 20, 2024/InvestmentOne Report Lafarge Africa Plc posted a 49.52% YoY revenue growth to NGN295.58bn in H1:2024, after recovering from the slower sales recorded in the first half of the previous year. The strong growth was primarily driven by a hike in cement prices coupled with volume expansion following the […]

August 20, 2024/InvestmentOne Report In the first half of 2024, the company experienced a significant increase in revenue, reaching NGN295.62bn, up 45.78% driven by income growth from multiple business segments. As such, the 50kg sugar segment increased by 46.30% year-over-year, retail sugar rose by 46.70% year-over-year, and molasses saw a […]