August 7, 2024/United Capital Report First Bank Nigeria Holdings (FBNH) Plc released its H1-2024 results, showing that Gross Earnings (GE) grew 2.2x to settle at N1.4tn compared to the N641.0bn in the corresponding period of 2023. The top-line growth was driven by increases in its Interest Income and non-Interest Income, which […]
Results & Dividends
Strong Potential Upside Despite Cuts to Earnings Forecasts
August 5, 2024/FBNQuest Research Downward revisions to our FY 2024 EPS forecast and price target: FCMB Group’s (FCMB) Q2 2024 earnings aligned with our forecasts. Nevertheless, we have cut our FY ’24-25f EPS forecasts by an average of -25%, primarily because of significant downgrades to our funding income forecasts Q2 2024 […]
Dangote Cement: Pan-African Revenue for Half-Year Grows by 139.9%
August 6, 2024/Dangote Group Dangote has continued to attract huge forex into the country through his pan-African operations as the half-year result for Dangote Cement indicates an increase in revenue from Pan-African operations by 139.9 per cent, growing to N807.1 billion as against N336.4 billion, reported in the corresponding […]
