February 1, 2024/CSL Research FBNH FY 2023 unaudited numbers showed strong growth in both Interest and Non-Interest Income. Interest Income was up 66.3% y/y (8.4% above our forecast) driven by growth in Interest Income on both Investment Securities and Loans. Net Loans to customers were up 67.95% y/y (including the […]

FSDH Initial Reaction: Bua Foods FY23 results  Kindly click here to download the report. February 1, 2024/FSDH Research Key Performance Highlights: Bua Foods reported a solid set of numbers in FY23. The company’s revenue jumped 74.1% YoY to N728.5 billion from N418.3 billion in FY22, mainly driven by significantly higher […]

FSDH Initial Reaction: UAC of Nigeria FY23 results  Kindly click here to download the report. February 1, 2024/FSDH Research Key Performance Highlights: On January 30, 2024, UAC of Nigeria declared its FY23 set of numbers, showcasing a notable turn-around in profitability vs last year. Revenue grew modestly at 8.6% YoY […]