November 20, 2023/United Capital Research MTN Nigeria Communications Plc (MTNN or the Company) has reported its unaudited 9M-2023 result, revealing a noteworthy 21.8% y/y increase in revenue, reaching N1.8tn. Despite this positive topline growth, the Company faced challenges as operating expenses surged by 26.8% y/y to N1.2tn, and finance costs […]

November 20, 2023/CSL Research Lafarge Africa reported a 7.1% y/y growth in Revenue to N289.08bn in 9M 2023 from N269.85bn in the prior period (9M 2022). However, on a q/q basis, Revenue was down 13.7% to N91.40bn in Q3 2023 from N105.86 in Q2 2023. The broad-based y/y growth in […]

November 17, 2023/United Capital Research Nestle Nigeria Plc (“the company” or “Nestlé”) recorded a modest growth in its topline for 9M-2023, posting a 19.0% y/y increase in total turnover (Revenue), from N333.5bn in 9M-2022 to N396.6bn. The company’s turnover rate (19.0%) for the period under review had more pace compared […]