April 26, 2024/CSL Research Stanbic’s Q1 2024 unaudited numbers showed a 129.7%y/y increase in Interest Income to N115.8bn driven by improved yields on risk assets. Net Loans to customers grew 6.5% in Q1 2024 compared with the December 2023 position (inclusive of the impact of the devaluation on foreign currency […]

April 25, 2024/CSL Research Lafarge Africa reported Revenue growth of 8.6% y/y to N405.50bn for FY 2023 from N373.25bn in the prior period (FY 2022). Similarly, on a q/q basis, Revenue was up by 27.4% to N116.42bn in Q4 2023 from N91.40bn in Q3 2023. The broad-based growth in cement […]

April 25, 2024/CSL Research BUA Cement’s +27.4% y/y Revenue growth in 2023 was primarily driven by upward increases in both price and sales volumes. BUA Cement reported price increases in 2023 with average cement price rising by 18.7% to N68,293/ton from N57,511/ton, in 2022, while sales volumes closed 2023 at […]